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Plug Power Just Named a New CEO. Should You Buy, Sell, or Hold PLUG Stock Here?
Yahoo Financeยท 2025-10-15 13:00
Core Insights - Hydrogen is becoming a crucial component in the clean energy revolution, with global demand reaching 97 million metric tons in 2023 and projected to hit 150 million by 2030 [1] - Plug Power is focused on creating an end-to-end hydrogen ecosystem, encompassing production, delivery, and practical applications [1] Company Overview - Plug Power, founded in 1997 and based in New York, specializes in hydrogen technology, including fuel-cell systems and electrolyzers, with a market capitalization of $4.5 billion [4] - The company has developed an $8 billion sales pipeline under the leadership of new President and incoming CEO Jose Luis Crespo, who replaces long-time chief Andy Marsh [3][4] Stock Performance - After a challenging period, Plug Power's stock has rebounded significantly, increasing 95% over the past 52 weeks and 90% year-to-date, with a remarkable 282% rise in the last six months [5] - The stock reached a 52-week high of $4.58 on October 6 before experiencing a slight decline [5]