Right. Plug Power. (PLUG +16.67%). Let’s just acknowledge the elephant in the room, shall we? A 16% jump today? That’s…optimistic. Almost suspiciously so. It closed at $2.59, which, honestly, feels less like a triumph and more like a stay of execution. The CEO, Andy Marsh, did a Reddit AMA today, answering questions about funding. A Reddit AMA. Because that’s where serious investors get their due diligence done these days. It’s all very…modern. Volume was up 76% – meaning a lot of people are either doubling down on hope or preparing to bail. Or both. It’s a delightful little paradox. And, just for context, this company IPO’d in 1999 and has lost 98% of its value since. Let that sink in. I’m starting to think my portfolio needs a therapist.
How the markets moved today
The S&P 500 (^GSPC +0.55%) edged up 0.54% to 6,913. Thrilling. The Nasdaq Composite (^IXIC +0.91%) managed 0.91% to 23,436. Slightly less boring. Bloom Energy (BE 3.27%) dipped 3.27% to $145.63, while Ballard Power Systems (BLDP +1.92%) saw a modest bump to $2.65. The hydrogen sector is…complicated. It’s like a dating app for investors: lots of potential, but a high chance of disappointment.
What this means for investors
Look, Plug Power is riding the AI hype train, and frankly, it’s working. Shares are up 30% this year because everyone suddenly thinks hydrogen is the answer to powering all those data centers. Which, okay, maybe it is. But let’s not pretend it’s a sure thing. The problem, as always, is money. They need it. A lot of it. And raising capital usually means dilution – which is investor-speak for “your shares are about to be worth less.” Today’s news – canceling a 2017 stock warrant deal with Walmart (WMT 1.31%) – is a small win. It removes one potential source of dilution. But it doesn’t solve the underlying problem. It’s like taking out one leaky pipe while the entire house is flooding.
Here’s the honest truth: I’m watching this one closely. It’s a high-risk, potentially high-reward play. It feels a bit like betting on a long shot at the races. You might win big, or you might lose everything. And honestly, sometimes the thrill of the gamble is more appealing than the actual prospect of profit. Don’t judge me.
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2026-01-23 01:13