Plug Power Stock Skyrockets 170% on Hydrogen Hype – Can PLUG’s Rally Hold or Fizzle?
Plug Power shares closed near $3.40 after a volatile week, up 65% year-to-date following a 170% rally since September and a brief pullback on Oct. 15. The surge followed analyst upgrades and a major hydrogen project milestone, with over 30% of shares sold short. The company raised $370 million in early October and reported Q2 revenue of $174 million, up 21% year-over-year. CEO Andy Marsh will step down, with José Luis Crespo set to succeed him.