Shares of Plug Power (NASDAQ: PLUG) are on the rise today, bouncing back from a poor performance last week. The surge is not due to any specific news, but rather anticipation of the company’s upcoming business update. As of 10:09 a.m. ET, shares of Plug Power are up 12.5%.
Anticipation for Positive News
Investors are eagerly awaiting Plug Power’s annual business update, speculating that it will bring positive news about the company’s future. With the company set to receive a significant influx of cash through the issuing of new shares, there is a sense of optimism among investors.
2024-01-22 11:00:17
Article from finance.yahoo.com