Connect with us


Why Plug Power Stock just sank another 4%




What happened

Actions of the fuel cell pioneer Connect the power (NASDAQ: PLUG) are down 4% today (at 12:20 a.m. EDT). This is the fourth drop in the stock in the past five days – and for no apparent reason, specific to Plug.

No downgrading of analysts, no lowering of price targets – nothing. And in the absence of any obvious “bad news” about Plug, I’m going to have to attribute the fall in Plug’s share price to another stock entirely: AMCI Acquisition Corp. (NASDAQ: AMCI).

A sharply falling white arrow on a red stock display

Image source: Getty Images.

So what

As you’ve probably noticed, the fuel cell sector of the power industry has been on fire this year, with the stock of Plug Power in particular four times the price in 10 months. Such stock market riches have not gone unnoticed by Special Purpose Acquisition Companies (SPACs), it seems. On Tuesday this week, one such company, AMCI, announced its intention to acquire and publicize a fuel cell company of its own: Advent Technologies. It will be listed on the Nasdaq at an estimated enterprise value of $ 358 million sometime in “the fourth quarter of 2020 or early 2021,” according to a press release.

Advent specializes in “next-generation fuel cell technology for the transportation, aviation and off-grid power generation markets,” says AMCI, taking particular note of its production of “membranes from the grid. exchange of high temperature protons and membrane electrode assemblies ”.

Now what

Little more is known about Advent or AMCI at this time, but here’s why this IPO could prove relevant to the decline in Plug’s share price:

Investors have become very hot and worried about the prospects of companies going public through PSPC rapidly increasing in value. An illustration of their hopes is the Advent promise that Advent will reach an “enterprise value” of $ 358 million in just a few months, while AMCI’s own shares are worth just $ 210 million today. hui.

If flying fuel cell investors are distracted by this shiny new object, Advent’s IPO, they may lose interest in the Plug stock – which, yes, has risen 460% in the past. over the past year, but who may be suffering now done to me recently? “syndrome. That is, in a nutshell, why I think Plug’s stock is down today – and a summer down since the AMCI announcement.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]