Monday, January 6, 2020

Hydrogen: Bezos Backed Plug Power Jumps 18% On $172 Million Contract (PLUG)

In last month's mention* of PLUG we said the company is too small for our tastes and it still is.
But it is getting bigger.
From MarketWatch, January 6:

Plug Power's stock jumps after $172 million order from logistics company
Shares of Plug Power Inc. PLUG, +18.27% charged 5.3% higher in active premarket trading Monday, after the hydrogen and fuel cell technology company said it received a order valued at more than $172 million from a "Fortune 100 customer" at the end of 2019. The contract is for hydrogen fuel cell deployments over the next two years. The company's guidance range for 2019 revenue provided in November was $235 million to $245 million....MORE
The stock ended the day up 18.27% (+0.5900) at $3.8200

*There's A Reason Bezos Went With Hydrogen Fuel Cell Forklifts Rather than Batteries (AMZN)