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Plug Power Stock Soars 60% Amid Target Upgrade

10/6/2025

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Summary

Story summary

Plug Power Inc.'s stock jumped 60% last week, closing at $3.81 after a bullish note from H.C. Wainwright.
H.C. Wainwright raised Plug Power's target from $3 to $7, citing rising electricity prices and green hydrogen.
Plug Power delivered a 10-megawatt electrolyzer to Galp's refinery in Portugal.
Profitability remains elusive; Plug Power posted a roughly $2 billion loss last year.

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Story summary

Plug Power Inc.'s stock jumped 60% last week, closing at $3.81 after a bullish note from H.C. Wainwright.
H.C. Wainwright raised Plug Power's target from $3 to $7, citing rising electricity prices and green hydrogen.
Plug Power delivered a 10-megawatt electrolyzer to Galp's refinery in Portugal.
Profitability remains elusive; Plug Power posted a roughly $2 billion loss last year.