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Barchart
Wajeeh Khan

Plug Power Stock Just Broke Above Its 50-Day Moving Average. Should You Chase PLUG Here?

Plug Power (PLUG) stock pushed aggressively to the upside today after the hydrogen fuel cell specialist posted better-than-expected revenue growth and narrowing losses for its fiscal Q4. 

Additionally, investors cheered PLUG as Jose Luis Crespo, who was named the company’s new chief executive in October, officially assumed the role this week. Investors are betting this leadership transition may prove the start of a new era for the Nasdaq-listed firm. 

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