Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Stock Market Today, March 18: Plug Power's Rally Stalls Slightly

Source Motley_fool

Plug Power (NASDAQ:PLUG) developer of hydrogen fuel cell systems for electric equipment and vehicles, closed Wednesday at $2.32, down 0.43%. The stock slipped alongside sector peers.

Trading volume reached 84.1 million shares, coming in 15% below its three-month average of 96.8 million shares. Plug Power IPO'd in 1999 and soared in the first few months of trading. It has fallen 99% since going public.

How the markets moved today

The S&P 500 (SNPINDEX:^GSPC) fell 1.36% to 6,625, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 1.46% to finish at 22,152. Among other hydrogen stocks, Bloom Energy (NYSE:BE) closed down 2.17% at $156.58 and Ballard Power Systems (NASDAQ:BLDP) fell 2.61% to end at $2.61.

What this means for investors

Today’s slight decline may be just a blip on Plug Power’s 25-year outlook. The company seems to be starting to turn things around. It has a new CEO in Jose Luis Crespo, and the stock has gained 24.73% in the past month. Its Q4 earnings beat analyst estimates.

However, in addition to potential liquidity challenges further down the road, Plug Power may face some legal issues. Several securities class action lawsuits have been filed against the firm, alleging it misrepresented activities related to a $1.66 billion Department of Energy loan. The lawsuits are not new, but a slew of legal press releases today and yesterday may have impacted the stock.

Investors who see opportunities in the new leadership and strategic shifts will be watching to see how these cases impact Plug Power’s recovery narrative.

Should you buy stock in Plug Power right now?

Before you buy stock in Plug Power, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $508,877!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,115,328!*

Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 189% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of March 18, 2026.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

MicroStrategy Shares are Performing Better than Bitcoin In 2026, But How?MicroStrategy stock is up nearly 3% at press time, trading above $137 as markets opened on March 9. Strategy just announced another 17,994 BTC purchase for $1.28 billion.The stock trades 57% lower ove

Author Beincrypto

Mar 10, Tue

MicroStrategy stock is up nearly 3% at press time, trading above $137 as markets opened on March 9. Strategy just announced another 17,994 BTC purchase for $1.28 billion.The stock trades 57% lower ove

Bittensor (TAO) Surges 20% as Templar’s Viral Subnet Hype Fuels Buying Frenzy Bittensor (TAO) surged 19.19% in the last 24 hours, fueled by a wave of demand tied to its AI-powered subnet ecosystem.The rally coincided with a viral social media moment from Templar, one of TAO’s m

Author Beincrypto

Mar 16, Mon

Bittensor (TAO) surged 19.19% in the last 24 hours, fueled by a wave of demand tied to its AI-powered subnet ecosystem.The rally coincided with a viral social media moment from Templar, one of TAO’s m

MicroStrategy Stock Could Hit 2-Month High After Record Bitcoin Purchase The MicroStrategy share price is approaching a key technical level after announcing its largest Bitcoin purchase in more in 16 months. The company recently acquired 22,337 BTC, bringing total holdings

Author Beincrypto

Mar 17, Tue

The MicroStrategy share price is approaching a key technical level after announcing its largest Bitcoin purchase in more in 16 months. The company recently acquired 22,337 BTC, bringing total holdings

Ethereum Price Drop To $2,000 Next As Crossing This Threshold Repeats History Ethereum has surged toward the $2,300 level, generating short-term excitement among traders. The price advance appears promising on the surface, but carries a familiar pattern of unsustainable momentu

Author Beincrypto

22 hours ago

Ethereum has surged toward the $2,300 level, generating short-term excitement among traders. The price advance appears promising on the surface, but carries a familiar pattern of unsustainable momentu

Cardano Price Risks 20% Drop as $30 Million Whale Buying Raises Questions The Cardano price has gained nearly 10% over the past seven days. But it is still down around 13% year-to-date. While the recent recovery may look strong, the structure suggests something else is buil

Author Beincrypto

22 hours ago

The Cardano price has gained nearly 10% over the past seven days. But it is still down around 13% year-to-date. While the recent recovery may look strong, the structure suggests something else is buil

Popular Symbols