Chart of Day: Plug Power (PLUG) – 2/4

Hydrogen stock Plug Power (PLUG) could race higher.

All thanks to three recent catalysts.


One, it has a new hydrogen plant in operation, which, according to the company, “is the largest electrolytic liquid hydrogen production plant, and largest PEM electrolyzer deployment operating in the U.S., representing a landmark achievement in Plug’s build-out of a vertically integrated hydrogen ecosystem. Located in Woodbine, Georgia, the plant is designed to produce 15 tons per day (TPD) of liquid electrolytic hydrogen – enough to power approximately 15,000 forklifts per day.”

Two, the PLUG stock was upgraded by Roth MKM analysts, with a $9 price target. Three, the company’s CEO Andy Marsh says he’s confident the company will emerge in a strong position by the end of the year, “but the next few months could be dicey,” as quoted by Barron’s.

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