Plug Power Stock Skyrockets on Hydrogen Hype – Will PLUG Keep Soaring? (Nov 2025 Update)
Plug Power shares closed at $2.69 on Oct. 31, 2025, down sharply from an early-October peak of $4.58 after a volatile rally. The company signed a 2 GW electrolyzer deal in Uzbekistan and announced new U.S. biofuel projects. CEO Andy Marsh will step aside for José Luis Crespo. Plug raised $370 million in October, but the financing triggered a 20% stock drop and will dilute shareholders.