On June 9, we noted, “Keep an eye on Plug Power (PLUG). After a vicious pullback, the stock is showing big signs of life again.  In fact, over the last few days, PLUG ran from about $8 to $9.55 and could push even higher. That’s thanks in part to the news it will supply Energy Vault with 8 MW of hydrogen fuel stationary power to help deliver clean energy to a part of California. Plug also said this will be the largest planned hydrogen-powered fuel cell installation in the U.S.”

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At the time, PLUG traded at $9.60.  Today, the stock is up to $11.15 – and still rocketing higher. All thanks to optimism surrounding its Investor Day, where it already 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 the 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.”

Sincerely,

Ian Cooper