Plug Power Stock Is Sliding Friday: What's Driving The Action?

Benzinga_recent_news01-31

Plug Power Inc (NASDAQ:PLUG) shares fell sharply Friday after President Donald Trump formally nominated former Fed governor Kevin Warsh as Federal Reserve chair, sparking fears that a more hawkish ...

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Shares have increased by 10.68% over the past 12 months and are currently positioned closer to their 52-week lows than highs.\nThe RSI is at 50.37, which is considered neutral territory, while the MACD is above its signal line, indicating bullish conditions. The combination of neutral RSI and bullish MACD suggests mixed momentum.\nPlug Power is building an end-to-end green hydrogen ecosystem — from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe, delivering its solutions directly to customers and through joint venture partners in various markets, including material handling and power generation.\nInvestors are looking ahead to the next earnings report on March 2.\nAnalyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $2.38. Recent analyst moves include:\nSignificance: Because Plug Power carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.\nPLUG Price Action: Plug Power shares closed Friday down 9.66% at $2.11, according to Benzinga Pro data.\nImage: Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2607021194","isCrawlerRequest":true}