markets

Max Knoblauch7/9/25

Plug Power spikes more than 25% as option buyers love that it’s buying lots of hydrogen from an unnamed partner

Green energy has been an industry of steep peaks and deep valleys in recent months. For hydrogen fuel cell company Plug Power, today is one of the peaks.

Options activity in the stock is going berserk following news that the company reached an agreement with an unnamed “leading US-based industrial gas company” that will supply Plug with liquid hydrogen through 2030 “while significantly reducing the cost structure and improving cash flows,” per its press release.

The announcement, which came ahead of the open, didn’t move the stock a ton until the regular trading day started and the calls starting printing en masse.

As of 12:24 p.m. ET, call volumes have already skyrocketed to more than 213,000, well over 3x the 20-session average of 55,919 for a full session. The intense options demand propelled shares up more than 26% on Wednesday.

Plug shares are still down about 29% since the presidential election. The stock got a boost late last month after the Senate pushed back the end date of US hydrogen production tax credits.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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