Plug Power (PLUG) Stock Skyrockets on Hydrogen Hype – Is PLUG a Buy or Bubble?
PLUG shares closed at $3.85 on Oct. 15, down 4.8% after doubling since early September. The company delivered a 10 MW electrolyzer to Galp Energy in Portugal on Oct. 1, part of Europe’s largest PEM project. Plug named Jose Luis Crespo as incoming CEO, prompting a 3% pre-market drop on Oct. 7. Q2 revenue rose 21% to $174 million, but the firm posted a $0.16 per-share loss.