Plug Power is one of the stocks from the hype sector hydrogen and fuel cells, which has enormous opportunities in the coming weeks. With a plus of more than 10% yesterday, Thursday – without any significant company news – investors seem to be impressed by the mood around Nel Asa and/or ITM Power. After all, the Barclays Bank has dramatically raised its price target: 7 dollars is possible, they say. This would be the equivalent of a good 6.35 euros and thus a good 50% upside potential!

US companies on the way up

There are, however, a number of reasons for the good mood beyond concrete new corporate news. For example, politicians – for example in Germany via the Minister of the Environment – have made it sufficiently clear that the new form of propulsion is to continue to be promoted. Subsidies of 1 billion euros are to be granted until 2024.

Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Varta?

In addition, a fuel forklift truck, which Amazon and other dealers are relying on, is apparently enjoying a boom at the moment. According to the „shareholder“, Plug Power vehicles are already moving 25 % of all food in US supermarkets.

Nevertheless, the mood has not yet reached the share price as strongly as that of its competitors. While Nel Asa achieved a new all-time high and ITM Power at least realized a new 14-year-top, Plug Power has finally at least climbed to more than 4 Euros again. Thus the upward trend continues with fluctuations.

Within one year, the share price has gained a good 60%. Up to the all-time high at 5.29 Euro on February 19, chart analysts see no more obstacles even after yesterday’s price gain. Consequently, the potential now reaches at least up to this point. However, the share has not yet done better than its competitors Ballard or Nel Asa on the basis of this price dynamic. The now catching up share price thrust could release new impulses here.