Plug Power Inc is a leading provider of clean hydrogen and fuel cell systems that are aimed at advancing the adoption of renewable energy solutions for various industries. The company specializes in designing and manufacturing hydrogen fuel cell technology, which serves as a sustainable alternative to traditional battery power, particularly for electric vehicles and material handling equipment. Through its innovative products and services, Plug Power is committed to reducing carbon emissions and promoting the use of hydrogen as a clean energy source in order to support the growing demand for environmentally friendly energy solutions. Read More
Fuel cell technology Plug Power (NASDAQ:PLUG) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 11.2% year on year to $133.7 million.
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Plug Power shares jumped 12.5% Wednesday, extending May gains from financing and executive actions. The stock rose after Q1 earnings and insider stock purchases, despite ongoing liquidity concerns.
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SLINGERLANDS, N.Y., May 19, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive solutions for the hydrogen economy, today announced that its Chief Financial Officer, Paul Middleton, has purchased Plug’s common stock in an open market transaction, underscoring his conviction in Plug’s current strategy and future potential to dominate the hydrogen economy at scale. On May 16, 2025, Middleton acquired 350,000 shares at an average price of $0.7154 per share, for a total investment of approximately $250,000.
Hitting a new 52-week low can be a pivotal moment for any stock.
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Plug Power's recent operational strides and strategic partnerships hint at long-term growth potential within the rapidly expanding green hydrogen market.
Plug Power shares rose 3% to 72 cents on Friday, clawing back some ground after a sharp selloff earlier in the week. The stock remains down 21.4% since Monday's session following a mixed Q1 earnings report.
