Plug Power Stock Explodes 170% on Analyst Hype & Giant Hydrogen Deal
PLUG shares surged to around $3.90 midday Oct. 13, near a 52-week high, doubling since early September as short covering intensified. The rally followed H.C. Wainwright’s price target hike to $7 and news of Plug’s first 10 MW electrolyzer delivery to Galp. Q2 revenue rose 21% to $174 M, with net loss narrowing to $228 M. About 40% of shares remain sold short.