|Bid||15.80 x 2200|
|Ask||16.09 x 3200|
|Day's Range||15.87 - 16.86|
|52 Week Range||12.78 - 42.28|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2021 - Nov 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.84|
Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) jumped out of the gate on Monday, opening 4.1% above Friday's close at 9:30 a.m. ET, before starting to wobble lower. At the same time, rival fuel cell operator Ballard Power Systems (NASDAQ: BLDP) jumped 3.6% at the open, and -- in fits and starts -- proceeded to move even higher. You see, over the weekend, investment bank Citigroup recommended a "pair trade" of both these fuel cell stocks, suggesting that investors should sell Ballard Power shares (rating them underweight) and use the money to buy shares of Plug Power instead.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that the company has launched a three-year project through a collaboration with Caterpillar Inc. (NYSE: CAT) and Microsoft (NYSE: MSFT) to demonstrate a power system incorporating large-format hydrogen fuel cells to produce reliable and sustainable backup power for data centers. The project is supported and partially funded by the U.S. Department of Energy (DOE) under the H2@Scale initiative and backed by the National Renewable Ene
Hydrogen fuel cell company Plug Power's (NASDAQ: PLUG) share price popped by 5.1% as of 9:48 a.m. ET Wednesday morning, then gave up all of those gains and then some as concerns about rising competition countered the impact of an analyst's upgrade. As of 1 p.m. ET, Plug Power was trading down by 2.3% at around $42.10 a share. On Wednesday morning, Citi analyst P.J. Juvekar initiated a pair trade on two fuel cell stocks, going long Plug Power and short Ballard Power (NASDAQ: BLDP).