Plug Power Inc. Aktie News

SLINGERLANDS, N.Y., June 24, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the completion of a critical execution phase at the Måde Power-to-X (PtX) facility in Esbjerg, Denmark, developed and operated by European Energy.

Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today.

Plug Power has closed the sale of a federal investment tax credit for ~$39.2 million associated with its hydrogen liquefaction facility in St. Gabriel, LA.

Plug Power stock price jumped by over 14% on Thurday, paring back some of the losses made in the past two weeks. It jumped to $3.78, a few points below the year-to-date high of $4.10.

GenEco™ PEM electrolyzers to power industrial hydrogen production facility in Barrow-in-Furness, Cumbria GenEco™ PEM electrolyzers to power industrial hydrogen production facility in Barrow-in-Furness, Cumbria

Plug Power, a company that was on the verge of bankruptcy, has staged a strong comeback this year and is beating the broader market. It has jumped by 51% this year and by over 330% in the last 12 months.

Plug Power reported better-than-expected first quarter results with both sales and profitability outperforming expectations as the company continues to benefit from recent restructuring and cost reduction initiatives. On the conference call, PLUG management largely reiterated full-year guidance and considered liquidity sufficient for covering anticipated 2026 cash outflows. The ongoing AI data ...

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