Plug Power (PLUG) Stock’s 170% Hydrogen Rally Hits a Wall – Can PLUG Bounce Back?
Roller-Coaster Stock Performance Plug Power’s stock has been on a wild roller coaster in recent weeks. After languishing near $1.50 in late summer, PLUG launched into an eye-popping rally – surging roughly 170% in about three months to a new peak around $4.58 by early October ts2.tech. This hydrogen-fueled spike far outpaced the broader market and was amplified by a classic short squeeze: with roughly one-third of Plug’s float sold short, each burst of positive news forced bearish traders to buy shares to cover, turbocharging the uptrend ts2.tech. Explosive trading volumes accompanied the climb as momentum buyers piled in. However,