new-recommended-broker-banner new-recommended-broker-banner
Practice Stock Trading Your capital is at risk

Plug Power Shares Trading Lower Despite Alpine F1 Partnership Announcement

Updated: 26 Mar 2021

Shares of hydrogen firm Plug Power (NASDAQ” PLUG) are trading slightly lower premarket on Friday following the company’s announcement of a partnership with the Alpine F1 team.

Plug Power’s logos will be present on Alpine’s A521 cars and the team’s racewear.

The collaboration with Alpine will complement the joint venture between Renault Group and Plug Power to explore opportunities for hydrogen solutions in on-road vehicles.


The Renault announcement was made back in January, which will see them look to develop the hydrogen powertrain for light commercial vehicles in Europe.

“The breadth of opportunities for hydrogen fuel cell-powered hybrid electric vehicles is endless. Plug Power is encouraged to work on filling the need for sustainable solutions for activities in motorsport, on-road vehicles, and beyond.”

Premarket on Friday, Plug Power’s share price is trading 1% lower at $33.75.

Should You Invest in Plug Power Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .