Hydrogen Adoption
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What's Going On With Plug Power Stock Today? - Plug Power (NASDAQ:PLUG)
Benzingaยท 2025-10-07 14:46
Group 1 - Plug Power announced a staged leadership transition, promoting Jose Luis Crespo to president and later to CEO, with Andy Marsh transitioning to executive chair [1][5] - The leadership change is intended to emphasize execution and profitability during a period of increasing hydrogen adoption across various sectors [2][3] - Crespo has been with Plug since 2014, previously serving as chief revenue officer, and has played a significant role in developing a commercial pipeline worth billions [3][4] Group 2 - The company reported that its stock has gained over 83.56% in the past year, indicating strong investor interest [3] - Crespo aims to focus on execution, profitability, and customer success to ensure sustainable growth for Plug Power [5] - The stock price of Plug Power fell by 5% to $3.92 following the announcement of the leadership transition [6]