This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Will Plug Power (PLUG) Continue To Climb?

NEW YORK (TheStreet) -- Plug Power (PLUG - Get Report) looks to continue its market surge today after a full week of steady climbing and a 91% increase since the beginning of the month..

CEO Andy Marsh's appearance on CNBC last Friday set off a mad scramble for the hydrogen fuel cell maker after he announced deals and projects with big-name players such as Wal-Mart (WMT - Get Report)FedEx (FDX - Get Report) BMW and Coke (KO - Get Report). Since the company announced a deal on March 4 to power Wal-Mart's fleet of forklifts with 1,700 fuel cells, the company's stock has shot up 416% percent.

Plug's run of success can be felt across the market and has helped fellow fuel cell manufacturers Ballard Power Systems (BLDP) and FuelCell Energy (FCEL) make enormous gains in the market as well.

This week hasn't been all roses for the company, however, after Andrew Left of Citron Research came out Tuesday and said the company's stock would be fairly valued at 50 cents. Left accused the company of "actively deceiving the market place," calling it a "casino stock" and "the lowest form of speculative moonshot." Left pointed to a lack of profits, unique technology, scalability and market demand in a blistering report published this week.

While the report on Tuesday caused a slight hiccup in the growth of the stock, it has not scared investors away. Plug was up in the two days since the report and has seen its shares rise by over 6000% over the last year.

PLUG ChartPLUG data by YCharts

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FDX $152.50 0.00%
KO $39.45 0.00%
PLUG $1.76 0.00%
WMT $64.94 0.00%
AAPL $113.29 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs