Shares of FuelCell Energy (NASDAQ:FCEL) are down 10% to $26.89 in midday trading Tuesday, leading a coordinated slide across hydrogen and fuel cell names.
Plug Power Inc. (NASDAQ:PLUG) shares, after a brief bump up in premarket trading, are down on Tuesday. The company reached a significant milestone with the Hunter Valley Hydrogen Hub (HVHH) project in Newcastle, New South Wales, Australia.
SLINGERLANDS, N.Y., July 07, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced that the 50-megawatt (MW) Hunter Valley Hydrogen Hub (HVHH) project in Newcastle, New South Wales, Australia, has reached final investment decision (FID), moving the project into execution and advancing the delivery of Plug's GenEco Proton Exchange Membrane (PEM) electrolyzers. The Hunter Valley Hydrogen Hub is being developed by Orica , a global leader in mining and infrastructure solutions operating across more than 100 countries.
Plug Power Inc (NASDAQ:PLUG) shares are trading marginally higher during Monday's premarket session as traders continue to digest the company's latest Europe execution update.
Plug projects it will generate positive operating income at the end of 2027 and achieve overall profitability at the end of 2028. The company has a history of failing to achieve its profitability forecasts.
Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.