Plug Power Stock Soars 170% on Hydrogen Hype – Will the Rally Last? (Oct 31, 2025 Update)
Plug Power closed at $2.65 on Oct. 30, down 4% for the day and up about 65% year-to-date after a volatile run. In late October, the company signed a 2 GW electrolyzer deal in Uzbekistan and named José Luis Crespo as next CEO. Plug raised $370 million in new financing and secured a $1.66 billion DOE loan guarantee. Analysts remain cautious, with consensus price targets near current levels.