Plug Power’s Hydrogen Gamble: 226% Stock Surge Amid Hype, Hope, and Hurdles
Plug Power shares have jumped about 226% in six months to $2.75, despite ongoing losses and negative gross margins. The company announced new deals in Uzbekistan, Nevada, Washington, and Germany, and will report Q3 results on Nov. 10. Analyst views remain split, with a median price target of $2.5. Plug’s market cap is $3–4 billion, with 2023 revenue at $891 million and a Q2 loss of $0.20 per share.