Plug Power (PLUG) Stock Skyrockets on Hydrogen Hype – Is PLUG a Buy or Bubble?
Stock Rally and Analyst Buzz PLUG’s October rally caught Wall Street’s eye. After slipping for much of 2025, the stock surged in early October as analysts turned bullish and hydrogen demand news broke. For example, H.C. Wainwright on Oct. 3 raised PLUG’s price target from $3 to $7 and maintained a Buy rating marketbeat.com, and HSBC upgraded Plug to a “Strong Buy” on Oct. 9 marketbeat.com. These upbeat calls came as the company announced its first big electrolyzer delivery in Europe. The result: Plug’s shares nearly doubled since early September, trading around $4.05 by Oct. 14 ts2.tech – near a