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Shares of Plug Power (WKN: A1JA81) run up quickly after raising fresh capital. It hit $ 14.35 yesterday, its highest level in a decade. Profit-taking time!
Much capital is looking for its way into the trend sector. The market ramp-up is naturally cost-intensive. This also requires a high propensity to invest on the part of the companies, which the management of Plug Power shows with the raising of almost USD 350 million in equity (we reported). Most recently, the US company had a relatively meager $ 150 million in the company’s coffers.
Plug Power is a pioneer in the hydrogen industry that can already offer customers turnkey H2 systems. In particular, through its product “GenFuel”, a system for the supply, generation, storage and delivery of hydrogen, a huge, high-demand market is opening up for the US hydrogen leader in favor of its fuel cell systems and the associated infrastructure, which are used, for example, in mobility applications in industry such as electric forklifts can be used.
“PLUG” share over 14 USD – entry at 7 USD!
SD readers take the H2 boom with them: As a result of the forecast increase on the occasion of the takeover of the United Hydrogen Group and the fuel cell technology provider Giner ELX on June 24th With Plug Power, there was a growing interest in the paper – experienced traders used this to get started. Since then, the course has conjured up a true rally on the trading floor. Anyone who acquired a position under USD 7 will see their “PLUG” position glowing with over + 100% in the depot. In the Nasdaq Wednesday trading, the quotation peaked at $ 14.35.
There is a consensus that the operational orientation of Plug Powers as a system provider offers immense untapped potential. In principle, Plug Power remains dependent on the performance of the hydrogen sector. I see this trend intact, but realizing profits after doubling are always appropriate.
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