Why Plug Power Stock Skyrocketed 27.6% This Week

Shares of Plug Power (PLUG 5.00%) soared this week, up 27.6% as of market close on Thursday. The spike comes as the S&P 500 (^GSPC 0.83%) and Nasdaq-100 were up 1.7% and 1.5%, respectively.Earlier this week, Trump's major budget bill was amended to extend tax incentives for hydrogen power, providing critical relief to Plug Power and other hydrogen stocks. That said, Plug Power is in a tough financial position.The "Big, Beautiful Bill" is amendedPresident Trump's "Big, Beautiful Bill," which passed the Senat ...