Personal Finance

Why Plug Power Stock Popped 12.5%

Square hydrogen fuel cell

What happened

Shares of hydrogen fuel cell pioneer Plug Power (NASDAQ: PLUG) were off to the races this morning, and as of 12:30 p.m. EST, have already made a 12.5% gain. However, it's anybody's guess why these shares are surging -- or maybe "nobody's guess" is more accurate.

So what

Over on StreetInsider.com , for example, where they make a living parsing the pops and drops of stocks, and explaining what (or who) caused them, Plug Power's stock price surge didn't go unnoticed -- a 12.5% bump is pretty hard to miss. But even StreetInsider is forced to conclude: "It is unclear the driver."

What I can tell you is what is not causing the surge. There's no stock-specific news out there on Plug Power today. No one has upgraded (or downgraded) Plug Power stock, nor even adjusted a price target.

Square hydrogen fuel cell

What's in the box? It's a mystery. Image source: Getty Images.

Now what

Plug last reported quarterly earnings in November -- third-quarter earnings, released on Nov. 8, to be precise. Add three months to that date, and it could be that investors are buying Plug in anticipation of a strong fourth-quarter earnings report.

If that's the case, though, they may have to exercise some patience. Last year, Feb. 8 came and went without an earnings report from Plug. The company didn' t report its Q4 and full-year earnings until a month later, March 7.

That means there's probably plenty of time left for Plug to add to today's gains -- or lose them -- before earnings day rolls around.

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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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