Plug Power lands NASA liquid hydrogen deal amid uncertain market signals
Plug Power has secured a new contract with NASA to supply liquid hydrogen. The deal comes as the company faces mixed market signals, with its stock price showing slight gains on Tuesday. Investors are now watching for fresh catalysts that could push shares higher in the coming weeks.
The company’s shares closed at €1.67 on Tuesday, marking a 0.4% increase from the previous session. Despite this small rise, analysts predict net losses for the current year, though they expect modest improvements in 2025.
Market indicators present a conflicting picture. The GD 100 mid-term benchmark points to a downward trend, while the GD 200 long-term indicator suggests an upward trajectory. Meanwhile, there are signs that Plug Power may soon announce a capital increase, which could inject new funds for expansion.
The NASA contract, while significant, has not triggered a major reaction from investors. Many believe the deal was already factored into the stock price before the official announcement.
Plug Power’s next moves will likely hinge on upcoming catalysts and potential funding. The company remains focused on growth despite projected losses this year. Any capital raise could provide the resources needed for further development in 2025.
