Shares of Plug Power (PLUG - Free Report) closed the day up 35% after announcing a $1.5 billion deal with South Korean industrial firm SK Group.
Plug Power plans to sell a 10% stake in itself to SK Group, which values new shares issued at $29.29 each; current investors saw their shares surge in value to $45.50 in trading this morning.
The goal of the partnership is to expand hydrogen energy in Asia, and to provide hydrogen fuel cell systems, hydrogen fueling stations, and electrolyzers to South Korea and other Asian markets.
PLUG saw its price target raised by numerous Wall Street analysts, and expectations about the company’s future growth are now extremely bullish. Investment firm H.C. Wainwright projects that by 2030, PLUG could generate $12.9B in annual revenue and $3.9B in annual operating profit.
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Plug Power (PLUG - Free Report) closed the day up 35% after announcing a $1.5 billion deal with South Korean industrial firm SK Group.
Plug Power plans to sell a 10% stake in itself to SK Group, which values new shares issued at $29.29 each; current investors saw their shares surge in value to $45.50 in trading this morning.
The goal of the partnership is to expand hydrogen energy in Asia, and to provide hydrogen fuel cell systems, hydrogen fueling stations, and electrolyzers to South Korea and other Asian markets.
PLUG saw its price target raised by numerous Wall Street analysts, and expectations about the company’s future growth are now extremely bullish. Investment firm H.C. Wainwright projects that by 2030, PLUG could generate $12.9B in annual revenue and $3.9B in annual operating profit.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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