Plug Power (PLUG) Stock in 2025: NASA Contract, Fresh Cash and High‑Risk Forecasts as of December 3, 2025
Plug Power closed at $2.11 on Dec. 2, 2025, more than 50% below its 52-week high, with a market cap near $2.3–2.8 billion. The company launched its first NASA liquid-hydrogen contract and completed a $399 million convertible-note deal. Executives are meeting investors in New York and outlining Asia-Pacific plans, while analysts maintain a “Hold” rating and warn of high risk.