Plug Power (NASDAQ: PLUG) Stock Surges on the Back of Restructuring Plans
There were some stocks which had made strong moves last week and one of those was Plug Power (NASDAQ: PLUG). The company saw its stock get a strong surge after it made an announcement with regards to a restructuring. In this feature, we will take a closer look into the announcement and figure out if the surge may sustain or not.
The Key Announcement
The company announced a restructuring plan when it announced its financial results for the fourth fiscal quarter on March 3. Although the surge in the stock may be attractive, it should be noted that the Plug Power stock is still down by 16% in 2025 so far and by as much as 55% over the past year. There are question marks over the long term prospects of the company as a going concern.
Further Takeaways
One of the things one should remember is that the company aims to be a full service hydrogen solutions company. The company’s fuel cell product is its flagship offering and presently it counts some of the biggest names in retail like Walmart, Amazon and Home Depot among its major clients. It might be a good idea to wait and watch.
Technicals
| +/- EMA(20) | 1.73 (-0.87%) |
| +/- SMA(50) | 2.05 (-16.34%) |
| +/- SMA(200) | 2.26 (-24.12%) |
| 5-Day Perf. | +14.33% |
| 1-Month Perf. | -0.29% |
| 3-Month Perf. | -31.67% |
| 6-Month Perf. | -8.78% |
| YTD Perf. | -19.48% |
| 1-Year Perf. | -57.34% |
| RSI(14) | 46.67 |
| ATR(14) | 0.16 |
| ADX(14) | 24.39 |
| Beta (5Y) | 1.78 |
