How to Buy Plug Power Stock [2024]

Q: What is Plug Power's stock symbol?

Plug Power's stock symbol is PLUG . You can use this symbol to search for and trade the company's shares on the stock market.

Summary: Plug Power (NASDAQ: PLUG) is a leading provider of hydrogen fuel cell solutions that has caught the attention of many investors. A convenient way to buy Plug Power stock is through a reliable brokerage platform like eToro.

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Plug Power homepage. Source: plugpower.com

Plug Power is a company at the forefront of the clean energy revolution, specializing in hydrogen fuel cell technology. Their solutions are designed to power electric vehicles and provide efficient and sustainable energy alternatives. As the world shifts towards greener energy sources, Plug Power has positioned itself as a key player in the industry, prompting more and more investors to consider investing in it.

Plug Power IPO

An initial public offering (IPO) is the first sale of a company’s shares to the public.

Plug Power went public in 1999, offering its shares on the NASDAQ stock market for the first time. Since then, it has experienced significant growth, attracting the attention of investors seeking exposure to the renewable energy sector. It’s currently listed under the PLUG stock symbol.

How to buy Plug Power stock: Step-by-step

Investing in Plug Power can be a simple process if you follow our step-by-step guide in the section below.

Step 1: Choose the right broker

To buy Plug Power stock, you’ll need to open an investment account with a brokerage firm. Keep in mind that choosing the right broker is crucial, as it will determine your access to the stock market, trading fees, and the tools available to you.

In this case, our go-to broker for buying Plug Power stock is eToro, a widely popular brokerage platform with over 30 million registered accounts worldwide. It’s also regulated by FinCEN in the US, and it offers a host of solid investing features, including:

Commission-free stock trading;
Access to over 2,000 stocks from 17 different exchanges;
The option to purchase fractional shares;
Charting tools;
A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 2: Fund your account

After opening an account with your chosen broker, you’ll need to fund it. Most brokers allow bank transfers, wire transfers, or even credit/debit cards. Nevertheless, ensure that you have sufficient funds in your account to cover the purchase of Plug Power stock.

Also, remember to account for any fees associated with funding your account and be aware of any minimum balance requirements. The funding process is typically straightforward, and your broker’s platform will guide you through the necessary steps.

Step 3: Place your order

Now that your account is funded, the next step is to place your order for Plug Power stock. So, log in to your broker’s platform, locate the trading section, and search for Plug Power’s stock symbol (PLUG). Once you find the stock, you can choose between different order types, such as market orders (executed immediately at the current market price) or limit orders (set a specific price at which you want to buy).

Review your order carefully before confirming to ensure accuracy. Once confirmed, your broker will execute the order, and you’ll become an owner of Plug Power stock.

For more investment opportunities in the energy sector, you can read our guides on:

Plug Power stock price today

Pros and cons of buying Plug Power stock

Pros

Renewable energy growth: As the demand for clean energy solutions continues to rise, Plug Power is well-positioned for growth in the renewable energy sector;
Industry leadership: Plug Power is a leader in hydrogen fuel cell technology, giving it a competitive edge in the market;
Government support: Many governments around the world are offering incentives and support for companies involved in clean energy, which could positively impact Plug Power’s prospects.

Cons

Volatility: Like many stocks, Plug Power’s value can be volatile, which may lead to price fluctuations;
Dependency on partnerships: Plug Power relies on partnerships with other companies for growth, and any setbacks in these collaborations could impact its performance;
Competitive landscape: The clean energy sector is competitive, and Plug Power faces competition from other companies in the industry.

For the best hydrogen fuel cell stocks, feel free to check out these additional guides:

Common mistakes to avoid when buying stocks

Avoiding common mistakes is crucial when investing in stocks. As such, here are a few pitfalls to steer clear of:

Emotional decision-making: Emotional reactions to market fluctuations can lead to impulsive decisions. Stick to your investment strategy and avoid making decisions based on fear or greed;

Ignoring research: Failing to research a stock thoroughly can lead to uninformed investment decisions. Understand the company’s fundamentals, industry trends, and potential risks before buying;

Overlooking fees: Transaction fees and commissions can eat into your returns. Be aware of the fees associated with buying and selling stocks through your chosen broker;

Neglecting diversification: Putting all your money into a single stock can be risky. Diversify your portfolio to spread risk across different assets and industries.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Plug Power stock

Is Plug Power a publicly traded company?

Yes, you can buy Plug Power stock through a broker that has access to the NASDAQ stock exchange, one of which is eToro.

Can I buy Plug Power stock directly from the company?

No, individual investors typically buy and sell stocks through brokerage accounts like eToro. You can’t purchase Plug Power stock directly from the company.

What is Plug Power's stock symbol?

Plug Power’s stock symbol is PLUG. You can use this symbol to search for and trade the company’s shares on the stock market.

Who are the biggest investors in Plug Power?

Major institutional investors, including BlackRock and Vanguard, hold substantial positions in Plug Power. BlackRock possesses an 8.74% stake, while Vanguard holds 4.98%.

Is Plug Power a safe investment?

Investing in Plug Power, like any venture, carries inherent risks. The company operates in the dynamic renewable energy sector, influenced by market trends, regulations, and technological changes.