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Seems to be helping the SP recovery today:.
Plug Power Inc will be building the largest green hydrogen production facility in North America, the provider of hydrogen fuel cell turnkey solutions said on Thursday. The company will invest $290 million to build the facility at the New York Science, Technology and Advanced Manufacturing Park (STAMP).
Shares of Plug Power (PLUG) dipped 0.4% in pre-market trading on Feb. 26.
Plug Power’s CEO Andy Marsh said, “Plug Power’s future rightfully revolves around building the green hydrogen economy. We are grateful that our home state of New York is helping lead the way on climate and clean energy initiatives. And, that Plug Power’s green hydrogen solutions can make such a positive impact on the environmental and economic climates in the state. We thank our elected officials and partners for their leadership.”
The plant is expected to produce 45 metric tons of green liquid hydrogen daily and will service the Northeast region. Along with the company’s Tennessee plant, it is expected to supply 500 tons of green hydrogen each day by 2025 and 1,000 tons per day by 2028 on a global basis. This project also includes a 450 MW electrical substation that will serve the STAMP site.
https://www.tipranks.com/news/plug-power-to-invest-290m-to-set-up-largest-green-hydrogen-plant-in-north-america
Hargreaves Lansdown. Bought mine through them no problem. Bit of a form to fill in but real easy.
Smart Investor seem unable to identify Plug Power on their system so I am unable to buy. Any similar stocks available for UK trading?
ACCIONA and Plug Power to Partner on Establishing Leading Green Hydrogen Platform for Iberia.The joint venture aims for a 20% market share in Spain and Portugal
Clear path for partnership to build green hydrogen generation platform of more than 100 tons per day within the next several years.
https://markets.ft.com/data/announce/detail?dockey=1330-8153542en-74Q4UEQ80H1QTJ0LSFI34KOHDQ
Renewable energy stocks’ share gains in 2020 were enormous, and the trend has so far continued in 2021. The tailwinds are manifold; The global risks due to climate change have only come further to the fore during the pandemic, and the cost of renewable energy continues to drop, marking it as not only greener but even cheaper than traditional alternatives. Plus, the new Biden administration has put extra emphasis on the need for clean energy, and government policies will continue to support low-carbon solutions.
Plug Power (PLUG) has been one of the companies to benefit from all the above and the hydrogen fuel cell maker has particularly caught investors’ imaginations. The last 12 months have delivered massive returns (up by 1,317%) and the stock has already nearly doubled this year.
Among the fans is B. Riley analyst Christopher Souther, who rates PLUG shares a Buy along with an $83 price target. This figure indicates further upside of ~31% over the next 12 months.
https://www.tipranks.com/news/article/plug-power-an-expensive-stock-but-this-analyst-still-loves-it
Plug Power Inc. (NASDAQ: PLUG) was started with an Outperform rating and a $75 price target at Bernstein. The consensus target is $62.02, and Tuesday’s closing price was $64.25.
The NASDAQ green index's (GRNWIND and QGREEN) appear to be coming off the boil after a long period of gains. It will be interesting as to whether they will just take a rest, move sideways or carryon upwards again.
14 different green ETFs that I track (no money in them) have averaged a 4.58% fall today.
Possibly its time to wait out a while.... I'm sure they will rise in the future, but....a breather is in order.
EB, I don't want to make any recommendations, but I can tell you which ones I'm in. Shares, especially AIM shares. can be a rollercoaster, and I've been caught on a spike more often than I like to think about. (Like the one on PLUG currently!)
Anyway, Horizonte (HZM) is a nickel miner with mines in Brazil. Nickel was highlighted recently by Elon Musk as being of special interest for Tesla batteries. Not yet a producer, but at a good price point currently while finalising finance to build the first mine.
Bushveld Minerals (BMN) is a vanadium miner and renewable energy/storage company in South Africa. Vanadium is a valuable metal for fixed energy storage, complementing nickel and green hydrogen as I see it, as all have different applications. Price has moved up in the last month or two, but may be worth getting in on dips.
I have a couple of copper plays. Asiamet Resources (ARS) is a potential copper (maybe gold also) producer with licences in Indonesia. Currently negotiating a takeover of one licence. If all goes ahead price could double in short order, but there is a perceived risk to the deal completing, which is holding the price back currently. Central Asia Metals (CAML) is a very well managed producer of copper in Kazakhstan plus zinc/lead in North Macedonia. Good dividend payer apart from recent glitch..
I also have TSLA (expensive!!)and SSE (leader in renewable wind). You possibly know all these. If you want to know more, LSE forums are a 'mine' of information. Whatever you invest in, DYOR and good luck.
Hey BU
Have you got any suggestions of decent green stocks to be in?
Cheers
EB
Spoilsports...
Jan. 14, 2021 7:47 AM ETPlug Power Inc. (PLUG)By: Carl Surran, SA News Editor23 Comments
Plug Power (NASDAQ:PLUG) and FuelCell Energy (NASDAQ:FCEL) look to be in danger of snapping their seven-session winning streaks, -4.4% and -5.2% pre-market, respectively.
J.P. Morgan starts coverage of Plug Power at neutral with a $60 price target, after the stock closed Wednesday at $69.50, the highest close since 2005, and downgradxes FuelCell to Underweight from Neutral with a $10 target.
Plug could raise sales to more than $1.2B by 2024 and is "our top pick in the hydrogen space, but [the stock is] fully-valued," says JPM analyst Paul Coster.
FuelCell has a "strong backlog" and strengthened balance sheet with which to execute on the current portfolio of SureSource solutions, but the stock is "richly valued here," according to Coster.
Plug has soared more than 300% over the past three months, vs. a 9.2% gain for the S&P 500.
Thanks for the info - I shall have a look at that...
If you go on to Yahoo Finance (you may have to create a email account), create a portfolio of shares that you're interested in e.g. PLUG in the USA. When you click on the share symbol for PLUG it will show you yesterdays closing price and change, also it will show the before hours trading.
69.50+3.48 (+5.27%) At close: 13 January 4:00PM EST. 66.58 -2.92 (-4.20%) Before hours: 7:27AM EST
There are other ways of getting the same info.
Hi,
Im new to this and looking at buying some of these today.
Could someone tell me why it closed at 70.67 yesterday but its showing as down 8.24% down today with the market not open yet ?
Does this mean it will crash on opening ? as Im looking to buy today, dont know if to leave a fill or kill order or wait to see what happens on opening ?
Any help would be much appreciated
All the best Mike
You may well be right nimrod, and good luck to you. You have gained a lot in a very short time, so enjoy your windfall.
I see the the green revolution as a once in a lifetime opportunity, with old energy falling out of favour and new major industries being created. Joe Biden is going to inject a two trillion dollar boost, with renewable hydrogen a target industry.
I am already into EVs, copper, nickel, and vanadium. I was vaguely mulling how to get into hydrogen when I read about the South Korea investment. Have to confess I was unaware of PLUG till then, so missed out on the price reaction to that news. Anyway better late than never. I doubled down on my holding yesterday, and feel very comfortable with it sitting in my US stock portfolio.
I was impressed by Andy Marsh on YouTube (thanks TheUKProf!) describing the PLUG ecosystem, and I like the parallel with Tesla. Now looking forward to a healthy news flow .
to take my cash out. If you examine all the green ETF's (there's plenty of them) they all have PLUG as a holding, all of them have soared. Looking at the graphs for the ETFs they all appear identical, with a top on them. All very bubbly and set for a fall (when who knows, but its due, maybe overdue). I've made about 4 years salary in the last four weeks on various green stuff, so I'm cashing in quite a lot of different shares and will wait out for a correction, sometime this year. I'm sure many will disagree with me.
Finally bought into PLUG after having it on my watch list for a while. Hopefully not missed the boat but seems like more interesting things to come.
I am up over 1000% so tempted to hold now, although slightly tempted to buy if there is a drop.. What a fantastic company, and fantastic leadership. Watching Andy Marsh on Youtube gives me even more confidence in Plug .
Up to $71.45 at 22.30 now. Jefferies increased their PT today to $73.50 from $50, momentum could get them there tomorrow.
up another 4.26% at the moment in after hours trading.
68.83 +2.81 (4.26%)
After hours: 4:28PM EST
180% on the batch that I bought on 17th November.
Well jhaylock with your research you certainly timed this to perfection. Well done!
Gla
This is exactly what this share needed
I've been a holder of itm since last May finally took my profits last Friday and put in here, couldn't of timed it better but this has the same legs as ITM and with this JV I see this going 100p and above with in the next month or 2
French automaker Renault said it's signed a memorandum of understanding to launch a 50-50 joint venture with Plug Power in France by the end of the first half of 2021, targeting over 30% share of the fuel cell-powered light commercial vehicle market in Europe. The joint-venture will combine the vehicle manufacturing capabilities of Renault with the fuel cell and hydrogen system manufacturing knowledge of Plug Power, the companies said. Plug Power shares jumped 14% in premarket trade, while Renault added 1.5% in Paris.
https://www.marketwatch.com/story/renault-says-it-will-create-french-venture-with-plug-power-2021-01-12
It was only a buying opportunity if you could trade, tried to buy for 10 minutes at opening, keep reducing investment amount no takers.
jhaylock
bounced back in to positive territory despite earlier substantial drop which was seen as a buying opportunity.