Keep an eye on Plug Power (PLUG).
After a vicious pullback, the stock is showing big signs of life again.
For one, the company recently said it would supply Energy Vault with 8 MW of hydrogen fuel stationary power to help deliver clean energy to a part of California. Even better, the company just announced, “The company’s ambition is to produce more than 2,000 tons of hydrogen per day from its green hydrogen network including its first kiloton-scale plant by 2030,” Plug said in a press release.
“Also, by 2030, Plug aspires to deploy one gigawatt of stationary power products, ship five gigawatts of electrolyzers per year, and deliver 500,000 fuel cell-powered forklift trucks.”
Over the last few days, PLUG ran from about $8.01 to a high of $11.78. From here, we’d like to see PLUG break above resistance at $11.90 a share.