Tiger King’s Carole Baskin Causes a Certain Stock to Roar After Cameo Appearance
Two fuel cell companies made double-digit gains in trading today. Plug Power, which announced a partnership with French automaker Renault, jumped over 22.3% today. $PLUG, which makes hydrogen fuel cells, was one of last year’s most popular stocks among retail investors. Excitement in $PLUG helped push up shares of FuelCell Energy. $FCEL, which makes commercial-scale fuel cell systems, jumped nearly 21% today. Today’s weirdest Ripper has us thinking we’ve reached ‘peak retail investor.’ Shares of the animal health and veterinarian business Zomedica jumped 39% today. The reason? Carole Baskin of “Tiger King” promoted the penny stock in a video. The video appears to have been a purchased engagement from Cameo, a website where people can pay for customizable videos from celebrities and influencers. The random investor who paid $300 for this Cameo walked so that $ZOM investors could run. Quaint e-commerce company Etsy — and one of 2020’s biggest Rippers — took off in trading today. $ETSY, which caters to the DIY and crafting crowd, rose 12% for no attributable reason. However, new consumer reports about the explosion of e-commerce and online shopping in Q4 2020 help support excitement in the stock. $ETSY jumped 250% last year and has already risen 14% since the start of 2021.
Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans.The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks.Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York. (From: StockAnalysis.com)