Plug Power shares fell Tuesday on fears of proposed clean energy tax cuts. The stock is now rebounding from the recent sell-off driven by policy concerns.
A Senate tax bill slashing renewable energy credits is potentially causing Plug Power stock to fall. Reduced incentives and high short interest suggest a bearish outlook for stock.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes.
This development triggered a significant decline in oil prices, easing inflation concerns.
Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week.
As the Q1 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.
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.
Plug Power stock is surging this week on a new project and a large insider share purchase. The rally fights high short interest, potentially creating a short squeeze.
Plug Power shares are higher amid a major Uzbekistan partnership and large insider share purchase. The company's shares are extending their rally on Wednesday amid very high short interest.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Tuesday. Let's explore the market movements and identify the stocks with significant gaps.
Plug Power Inc (NASDAQ:PLUG) shares are rising Tuesday on what appears to be continued momentum following a more than 25% surge to start the week. Here's a look at what's going on.
Plug Power's stock soared after announcing a new $5.5 billion Uzbekistan green energy deal. Further boosting confidence, the company's Chief Financial Officer purchased 650,000 additional company shares.
