Plug Power (PLUG) Stock Skyrockets 170% on Hydrogen Hype – Can It Last?
Plug Power shares traded near $2.88 on Oct. 23, up about 170% since early September. The company secured a 1 GW electrolyzer order from Fortescue and delivered its first 10 MW unit to Galp’s Portugal project. Plug raised $370 million through warrant exercises on Oct. 8. Founder/CEO Andy Marsh will move to Executive Chair in 2026, with José Luis Crespo set to become CEO.