What's Going On With Plug Power Stock Wednesday?
Portfolio Pulse from Erica Kollmann
Plug Power, Inc. (NASDAQ:PLUG) shares are climbing on Wednesday, continuing the stock's recent upward trend. The stock has gained more than 15% in the past five trading sessions and more than 20% in the past 30 days. This is potentially due to strong delivery numbers reported by electric vehicle makers, which could be a positive catalyst for clean energy names including Plug Power. PLUG has considerable short interest with 19.39% of available shares currently being sold short and has garnered attention from retail investors on social media.
July 05, 2023 | 4:44 pm
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Plug Power's stock is on an upward trend, potentially driven by strong delivery numbers from electric vehicle makers. The stock has high short interest and is popular among retail investors.
The strong delivery numbers reported by electric vehicle makers could be a positive catalyst for clean energy companies like Plug Power. Additionally, the high short interest in the stock and its popularity among retail investors could be contributing to its upward trend.
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