Why Plug Power Stock Popped This Week

Core Insights - Plug Power's stock has shown signs of recovery after a significant decline, with a 10.9% increase in early December [1] - The company secured a contract with NASA to supply up to 218,000 kilograms of liquid hydrogen, valued at up to $2.8 million [2] - Plug Power has also signed a letter of intent with Hy2gen to provide a 5-megawatt PEM electrolyzer for a hydrogen production project in France [4] Financial Performance - Plug Power's current stock price is $2.23, with a market cap not specified in the provided data [3] - The stock has a 52-week range of $0.69 to $4.58, indicating significant volatility [7] Market Sentiment - Despite recent positive developments, analysts suggest that these announcements will not significantly impact Plug Power's path to profitability, as the company continues to report net losses [5] - Investors are advised to be cautious and consider other hydrogen investment opportunities instead of focusing solely on Plug Power [6]