Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 39.2% in the morning session after the company locked in a new loan of up to $525 million, boosting its cash pile and providing more headroom to support operations and future growth plans. It also shared strong early sales for the first quarter of 2025, beating Wall Street's estimates. Q1 2025 revenue guidance was estimated at around $130 million to $134 million.
Unprofitable companies face headwinds as they struggle to keep operating expenses under control.
Some may be investing heavily, but the majority fail to convert spending into sustainable growth.
Stay updated with the latest market activity on Monday. Explore the most active stocks in today's session and stay informed about the stocks that are in the spotlight.
Looking back on renewable energy stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Plug Power (NASDAQ:PLUG) and its peers.
Plug Power's joint venture with Olin Corporation (NYSE: OLN), named Hidrogenii, officially launched operations at its new hydrogen liquefaction facility in St. Gabriel, Louisiana.
Wall Street has set ambitious price targets for the stocks in this article.
While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the renewable energy industry, including Plug Power (NASDAQ:PLUG) and its peers.
