Plug Power Inc Makes Move Ahead of Earnings
The shares of the hydrogen fuel cell manufacturer Plug Power Inc (NASDAQ: PLUG) have been one of the notable popular stock movers in the market in recent days. This past Thursday, the stock hit a fresh 52-week high of $6.20 per share. To put it into perspective, the Plug Power stock had last hit levels over $6 back in 2013.
Hence, it is only natural that investors might be wondering whether they should get into this stock at the time of this remarkable rally. The company is going to reports its fourth-quarter earnings shortly, and in this regard, it should be noted that Wall Street had not been thrilled with Plug Power’s third-quarter earnings.
In this regard, it is also important to note that Plug Power Inc (NASDAQ: PLUG) is primarily a momentum stock, and things can get a bit unpredictable around the time when the company announces its earnings. It is also important for investors to know that the hydrogen fuel cell space is still evolving and has not yet managed to corner any significant portion of the market. That is reflected in the stock prices of most companies in that sector as well.
Popular Stock Mover: Plug Power Inc (NASDAQ: PLUG)
That being said, the Plug Power Inc’s (NASDAQ: PLUG) stock has managed to gain as much as 180% in the past 12 months. In the previous quarter, its revenues rose by only 6%, and the losses stood at $13.2 million. The company has not made a profit yet, and debts are rising as well. Experts believe that the stock could only be bought if an investor is a risk-taker.
Another stock that has gained significant momentum this month is iQSTEL (OTC: IQST). The stock has gained as much as 400% since February 18, and it is likely that it is going to be on many investors’ radars in the coming days.
Popular Stock Mover: iQSTEL (OTC: IQST)
On Monday, the company announced that it had completed the acquisition of the blockchain solutions company itsBchain by picking up a 75% stake. It is a significant development for the company and gives iQSTEL a diversified portfolio of services.
The telecommunications service provider announced last week that iQSTEL had been invited for an exclusive interview in New York at the NASDAQ Marketsite on March 25.
Source: Stock Market Press
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