|Bid||26.88 x 800|
|Ask||27.00 x 1200|
|Day's Range||22.84 - 27.55|
|52 Week Range||3.00 - 27.55|
|Beta (5Y Monthly)||3.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.00|
After soaring in Tuesday trading, shares of hydrogen fuel cell stocks Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are coming back down on Wednesday -- falling 5% and 2.3%, respectively through 10:20 a.m. EST. Similarly, Chinese electric-car maker Kandi Technologies (NASDAQ: KNDI) is suffering an 8.4% sell-off. Casting about for a reason that alternative energy stocks are going down today, our friends at StreetInsider.com this morning essentially shrugged their shoulders and said it could be profit taking.
As of 11:15 a.m. EST Tuesday, shares of fuel cell star Plug Power (NASDAQ: PLUG) are up 2.6%, while its hydrogen-powered peer FuelCell Energy (NASDAQ: FCEL) is doing a bit worse (up only 2%), and Bloom Energy (NYSE: BE) is doing quite a bit better, up 13.8%. If you recall, it was exactly one week ago that Plug Power announced plans to sell just under 44 million new shares of stock at $22.25 apiece, raising a total of $1 billion in new cash to fuel its growth plans. Today, Plug is playing up this development and trying to milk it for just a wee bit more momentum, announcing that it has "completed" the aforementioned stock sale and boasting that the deal has become "one of the largest bought equity deal transactions in the broader clean-tech sector" -- putting the company in control of a grand total $1.7 billion cash hoard at last count.
It's starting to look like it will be another good week for alternative energy stocks. Shares of hydrogen fuel cell stock Plug Power (NASDAQ: PLUG) are up a respectable 6.1% as of 1:20 p.m. EST, while Plug rival Bloom Energy (NYSE: BE) and Clean Energy Fuels (NASDAQ: CLNE) (a natural gas stock) are doing twice as well -- surging 14.2% and 12.9%, respectively. Curiously, although it's sporting the smallest stock price gains of the three, Plug Power stock is the only one of these stocks with good news supporting it.