Boston, MA 03/11/2014 (wallstreetpr) – Plug Power Inc (NASDAQ:PLUG) is leading the way for other alternative and ultra-clean energy stocks. Since the company inked deals with big names in business, its own shares and those of peers have risen from the historic lows to start establishing new high points. Recently the company’s chief executive revealed what the company is up to and that has served to ignite confidence in the stock.
Shares of Plug Power Inc (NASDAQ:PLUG) rose 24.67 percent to $10.31 at close of business Monday. That was after the stock established a new 12-month high point at $11.41.
The CEO Interview
Plug Power Inc (NASDAQ:PLUG) CEO Andrew Marsh debuted on CNBC’s Squawk on the Streets and to say the least, investors were excited by what they heard and saw. The CEO didn’t mince his words to talk about his vision for the company and what’s behind the phenomenal growth that the company is witnessing currently.
The positive comments from Mr. Marsh were enough to dispel the skepticism that investors had started to exhibit after the company announced it was up to a secondary stock offering.
Plug Power Inc (NASDAQ:PLUG) hopes that now with its growth potential almost sure, a little dilution of shares to raise about $22.4 million for working capital and other purchases would be in order. The stock sort of lost its luster Thursday after the news of the secondary offering hit the market. But the setback could not last as the potential that the company exhibits far outweigh the impact of dilution.
Wild stock growth
Plug Power Inc (NASDAQ:PLUG) over the past years had its ups and downs – mostly downs – with shares slipping to all-time low of 14 cents to the point of the company facing delisting threats. Yet, the stock is strongly up more than 565 percent so far in 2014 and that growth has no end in sight.
The confirmation by the CEO that Plug Power Inc (NASDAQ:PLUG)’s business deal with retail store giant Wal-Mart Stores Inc (NYSE:WMT) was always coming because they had foresaw big business ahead, has left investors are more than convinced that the company still has its best time ahead.
