Plug Power Just Soared 30%, Thanks to Wal-Mart

Shares of fuel-cell company Plug Power (NASDAQ: PLUG  )  shot up 30% over the past two days, after the company announced it would be expanding its presence in Wal-Mart (NYSE: WMT  ) distribution centers, representing a big contract win for the small company. Plug Power currently has about 535 hydrogen fuel cell charging stations in three of Wal-Mart's distribution centers, for use in charging fork lifts and other heavy machinery, and will now be expanding that presence to a total of nine distribution centers. The stock also received analyst upgrades as a result of the contract, further spurring on investor confidence.

But the size and former market capitalization of the company raise some questions. With the stock's 52-week low of $0.14 per share, many still question the legitimacy of the company, despite the potential for its disruptive technology showing much more promise over the past year. This contract with Wal-Mart lends a lot of the credibility to Plug Power that investors were hoping for.

On today's Stock of the Day, host Mark Reeth and Motley Fool energy analyst Taylor Muckerman take a look at Plug Power, and whether it looks like a buy today. Early investors who bought at the low have seen eye-popping gains of over 4,000% in the past year, but while Taylor says he'll definitely be keeping a close eye on the stock, he wants to see the dust settle a little more around this one before he buys in.

But could Wal-Mart's days be numbered?
To learn about two retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.

Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2863376, ~/Articles/ArticleHandler.aspx, 9/4/2015 6:44:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Mark Reeth

Mark Reeth is an incredibly handsome Member Liaison, and is an expert on all things Foolish. Follow him on Twitter for all of the most important Fool news.

Today's Market

updated 9 hours ago Sponsored by:
DOW 16,374.76 23.38 0.14%
S&P 500 1,951.13 2.27 0.12%
NASD 4,733.50 -16.48 -0.35%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/3/2015 3:59 PM
PLUG $1.69 Down -0.02 -1.17%
Plug Power, Inc. CAPS Rating: *
WMT $64.86 Up +0.42 +0.65%
Wal-Mart Stores CAPS Rating: ***