Why Plug Power Stock Skyrocketed 27.6% This Week

Group 1 - Plug Power's shares increased by 27.6% this week, coinciding with a rise in the S&P 500 and Nasdaq-100 indices [1] - The recent amendment to President Trump's budget bill extends tax incentives for the hydrogen industry until January 2028, providing significant support for Plug Power and other hydrogen stocks [2] - Despite the positive market reaction, Plug Power is facing financial difficulties, with stagnant or declining sales and ongoing losses [4] Group 2 - The company's cash burn rate is unsustainable, raising concerns about its financial viability [4] - While Plug Power may present a speculative turnaround opportunity for high-risk investors, caution is advised for most investors due to its precarious financial situation [5]