Stock of the week: “Plug Power Inc”

This week, we consider Plug Power as “our stock of the week”.

Plug Power is an American manufacturer, focused on hydrogen energy and power cells. The company’s stock has done very well recently as the US Inflation reduction act has been approved, meaning $370 billion in climate and green energy investment will go into place in the coming years.

• Financial social media sentiment is very positive in both absolute and relative terms - compared to the sentiment of the sector and the sentiment of the stock index.

• Analysts' consensus rating is "buy" - out of the 29 bank analysts covering the company, 20 recommend buying the stock and 9 suggest holding. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 23.70% (reference close of business 16/08/2022).

  Their stock price has climbed almost 100% over the last 3 weeks.