What's Going On With Plug Power Stock Today?

Plug Power, Inc. PLUG shares are trading higher Monday. The company announced it has delivered several liquid hydrogen portable refuelers to transit agencies and trucking fleet customers.

What To Know:

Plug Power delivered several HL-450D-P hydrogen refueling stations which operate on a portable platform that can be quickly deployed to support fleet vehicle hydrogen refueling at either 350 bar or 700 bar. 

Plug describes the product as designed to reduce infrastructure costs and deployment time for medium-duty and heavy-duty hydrogen-powered commercial vehicles and customers for this solution include fleet vehicle operators, such as mass transit agencies that operate buses, trains, ferries and more, as well as logistics companies and retail distributors.

“Our portable refueler product is a prime example of Plug’s cutting-edge innovation driving cost-effective adoption of hydrogen in hard-to-abate sectors like transportation,” said Andy Marsh, Plug CEO.

 “With minimal upfront costs, mass transit authorities, logistics companies, and retailers can now quickly pop up low-carbon hydrogen refueling infrastructure to support their fleets,” Marsh added. 

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How To Buy PLUG Stock:

By now you're likely curious about how to participate in the market for Plug Power – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Plug Power, which is trading at $4.55 as of publishing time, $100 would buy you 21.98 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

PLUG Price Action: According to Benzinga Pro, Plug Power shares are up 5.2% at $4.55 at the time of publication.

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