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Will Plug Power meet or exceed its hydrogen production targets by year-end?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Company financial reports and press releases
Story
Plug Power Secures $1.66B DoE Loan Guarantee, Stock Soars 42%
May 14, 2024, 12:51 PM
Plug Power has received a $1.66 billion conditional commitment loan guarantee from the Department of Energy (DoE) to support its green hydrogen development pipeline. This significant financial backing will aid in the expansion of Plug Power's green hydrogen plant network across the United States. Following the announcement, Plug Power's stock saw a substantial increase, with shares rising by 42% and even reaching a pre-market high of 54.7%. The stock surge reflects investor optimism about the company's future prospects in the green energy sector, despite a short interest of 26%.
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Exceeds goals • 25%
Meets goals • 25%
Partially meets goals • 25%
Fails to meet goals • 25%
Yes • 50%
No • 50%
Increase in domestic production of EVs • 50%
No significant change in domestic production of EVs • 50%
Less than $1 billion • 25%
$1 billion to $3 billion • 25%
$3 billion to $5 billion • 25%
More than $5 billion • 25%
< 50 GWh • 25%
50 - 100 GWh • 25%
101 - 150 GWh • 25%
> 150 GWh • 25%
Exceeds initial production targets • 33%
Meets initial production targets • 33%
Falls short of initial production targets • 34%
