Why Plug Power Stock Shot Higher Today

Core Insights - Plug Power's stock experienced a significant increase, peaking at nearly 15% in early trading and remaining up by 11.9% later in the day [1] - The company specializes in hydrogen fuel cell systems, which are utilized by major corporations like Amazon, Walmart, and Home Depot for powering material handling equipment [1] Business Expansion Potential - Plug Power operates a green hydrogen production facility in Georgia, which began liquid hydrogen shipments last year, indicating potential for broader applications beyond forklifts as demand for data center power surges [4] - Nvidia's announcement of a $100 billion investment in OpenAI for data center expansion highlights the increasing need for power, which could benefit Plug Power [4][5] Financial Performance - Plug Power reported a 21% increase in total revenue in the most recent quarter, driven by strong demand for its GenDrive fuel cells [6] - Despite reporting significant operating losses exceeding $350 million in the first half of 2025, the losses showed improvement compared to the previous year, suggesting potential for future growth if demand continues [7]