Plug Power (PLUG) Stock’s 170% Hydrogen Rally Hits a Wall – Can PLUG Bounce Back?
Plug Power (PLUG) traded near $2.85 midday Oct. 29, 2025, after falling 6% to $2.79 earlier. Shares surged 170% from late summer to an October high of $4.58, then dropped back to the high-$2 range. Plug recently raised $370 million in cash and secured a $1.66 billion DOE loan guarantee. CEO Andy Marsh will step down in 2026, with José Luis Crespo set to take over.