What's Going On With Plug Power Stock?

Plug Power Inc. PLUG shares are trading higher Friday, and the stock is up more than 12% over the last five days. Here's a look at what's going on:

What To Know:

Shares of PLUG are moving on above-average volume Friday. According to data from Benzinga Pro, more than 15.8 million shares have already been traded in the session, compared to the stock's 100-day average of 20.883 million shares.

On Oct. 16, Plug Power CEO Andy Marsh joined several U.S. government officials and stakeholders to commemorate the Department of Energy's selection of the Appalachian Regional Clean Hydrogen Hub (ARCH2) for the Regional Clean Hydrogen Hubs program. Plug Power will serve as a project partner, vendor, and provider of essential services throughout the hydrogen value chain.

Plug Power is set to report its third-quarter financial results after the market close on Nov. 9 and will host a conference call to discuss the results at 4:30 p.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report a loss of 31 cents per share and quarterly revenue of $242.24 million.

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PLUG Price Action: According to Benzinga Pro, Plug Power shares are up 5.5% at $6.62 at the time of publication.

Image: Courtesy of Plug Power, Inc.