Today: 12 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

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Stock Market Today

  • Plug Power (PLUG) Sinks 15.5% as Questions Swirl on 50 MW Australia Deal
    July 12, 2026, 1:12 PM EDT. Plug Power shares tumbled 15.53% after the company announced a 50-megawatt electrolyzer order from Australia but didn't spell out the financial details or timing. The lack of contract value and delivery window knocked about $570 million off Plug's market cap, with the stock closing at $2.23 for a total value near $3.1 billion. The order makes up a sixth of Plug's total electrolyzer capacity. Traders bailed from peer names too as FuelCell Energy and Ballard Power fell, while the Nasdaq Composite rose 1.7%. Susquehanna slashed its Plug price target to $2.50 and kept a Neutral rating, Morgan Stanley stuck with Underweight but bumped its target up to $1.65. Plug is still burning cash, even with 22% sales growth and improving margins, showing a $245 million loss last quarter and $223 million cash on hand.
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