Key Points Analysts at H.C. Wainwright doubled their price target on Plug Power stock last week. Plug shares gained 60% by the end of the week. Plug stock is up again today, but still unprofitable. 10 stocks we like better than Plug Power › Plug Power (NASDAQ: PLUG) stock soared to close at $3.81 per share Friday, a 60% gain for the week. The hydrogen fuel stock actually only had one "down" day all week long, and its ascent looks set to continue today, with the stock up 4.5% through 10:35 a.m. ET. ...

Group 1 - Redwire has secured a contract from Axim Space to develop solar array wings for the payload power thermal module, which is the first component of Axim's commercial space station [1] - Axim's module is expected to launch in late 2027, with plans to evolve into a free-flying two-module station by 2028 and expand to four modules by 2030 [2] - Clean Energy Fuels is set to design, build, and maintain a second hydrogen fueling station at its Arcadia busyard, supporting a fleet of 19 new hydrogen fuel cell buses in an 11.3 million project, partially funded by federal and state grants [2] Group 2 - The ecarx computing platform and cloud peak software stack will power the AI-driven cockpit for the new Link Inco 7 and 8 models, featuring advanced capabilities such as an AI agent and immersive 3D displays [3] - INQ has achieved a record algorithmic cubit score on its Tempo system, setting a new standard for quantum computing and reaching this milestone three months ahead of schedule [3][4] - This new score allows INQ's system to address complex real-world applications with a computational capacity significantly surpassing previous benchmarks [4]

Group 1 - Plug Power has experienced a significant decline in stock value, losing over 99% since going public in 1999, but its current market cap of $2 billion may present a buying opportunity for investors [1][2] - The company focuses on hydrogen fuel systems, which are essential for industrial applications, and there is a growing belief that "green" hydrogen produced from renewable energy will be the future of the industry [3][4] - Despite the potential of hydrogen fuel, it is currently not cost-competitive with conventional fuels, which has hindered widespread adoption and infrastructure development [4][5] Group 2 - The aviation industry is identified as a significant potential market for hydrogen fuel due to its need for high energy density fuels, although the transition has been slow due to cost issues [5] - The artificial intelligence industry is emerging as a surprising sector that may adopt hydrogen fuel, driven by the expected 30% annual increase in spending on AI infrastructure, which requires substantial energy [6][7] - Plug Power believes its hydrogen systems can meet the energy demands of AI infrastructure, positioning itself as a viable option for powering data centers [7][9] Group 3 - While there is optimism that AI could drive demand for hydrogen fuel, Plug Power is currently facing financial challenges, losing over $200 million per quarter, which is about 10% of its market cap [9][10] - The company has resorted to share dilution to manage its financial situation, which may dilute existing shareholders' interests despite potential growth opportunities [9][10] - The future of Plug Power's stock remains uncertain, as the anticipated benefits from the hydrogen revolution may not translate into significant gains for long-term investors [10]

Core Viewpoint - Plug Power's stock price increased by 5.5% following the announcement of participation in upcoming investor conferences, despite the news being relatively unremarkable [1]. Group 1: Upcoming Events - Plug Power's president and VP of investor relations will present at the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York City [3]. - CEO Andy Marsh is scheduled to speak at the Roth 15th Annual London Conference the following day [3]. Group 2: Partnerships and Projects - The company is likely to promote its expanded partnership with Australia's Allied Green Ammonia, focusing on a 2-gigawatt (GW) hydrogen fuel electrolyzer plant in Uzbekistan and a separate 3-GW plant in Australia [4]. - The Australian plant is the most advanced project, with a final investment decision expected by the end of this year [5]. Group 3: Financial Performance - Plug Power is currently losing over $2 billion annually and burning nearly $950 million in cash each year [6]. - The company is seeking shareholder approval to sell more shares for cash and recently secured a $525 million term loan to manage existing debt and fund ongoing projects [6]. - Due to these financial challenges, Plug Power's stock is considered speculative [6].