Plug Power (PLUG) Stock Rockets 170% on Analyst Hype and Major Hydrogen Deal
Market Rally and Analyst Commentary Plug Power’s stock has skyrocketed in early October 2025, driven largely by bullish analyst commentary and hydrogen project news ts2.tech marketbeat.com. On Oct. 3, H.C. Wainwright reiterated a Buy rating and doubled its 12-month target to $7, arguing that surging electricity costs and new energy policies make green hydrogen “more competitive” ts2.tech. Susquehanna followed by raising its target to $3.50 (Neutral) marketbeat.com. These calls ignited heavy trading – the stock spiked to $4.18 mid‑day Oct. 14 (from $3.90 prior close) as short sellers covered positions marketbeat.com. MarketBeat notes one analyst calling PLUG a Strong Buy