What's Going On With Plug Power Stock?
Portfolio Pulse from Erica Kollmann
Shares of Plug Power, Inc. (NASDAQ:PLUG) are trading higher, with a 35% increase over the last month and a 7% increase in the current session. The company recently submitted a letter to the Biden Administration regarding the Section 45V Clean Hydrogen Production tax credit implementation. The stock has also attracted attention from retail investors and short sellers, with 21.34% of available shares currently being sold short.
July 31, 2023 | 4:06 pm
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POSITIVE IMPACT
Plug Power's stock is trading higher due to recent regulatory moves and increased attention from investors. However, a high short interest could indicate potential volatility.
The stock is trading higher due to the company's recent regulatory moves and increased attention from investors. The high short interest, which is 21.34% of available shares, could indicate potential volatility in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100