Hydrogen stocks are in the spotlight after Trump’s “One Big Beautiful Bill” passage, boosting optimism in the industry. Plug Power faces questions with negative margins and cash burn. Analysts are more bullish on the hydrogen sector, prompting interest in PLUG stock.

Plug Power is a key player in green hydrogen, offering fuel cell technologies. The company’s stock surged 72.5% fueled by positive legislative changes and strategic deals. Despite the rally, PLUG is down 10% year-to-date.

Plug Power CEO expects significant benefits from Trump’s OBBB Act, extending crucial tax credits for the hydrogen industry. Policy changes provide clarity, boosting long-term investment confidence. Extended fuel cell tax credits offer opportunities for strategic growth.

JPMorgan notes policy clarity from OBBBA boosts the hydrogen sector, aiding Plug’s DOE loan. Positive policy changes encourage green hydrogen projects and benefit Plug’s operations. Despite challenges, analysts maintain mixed ratings on PLUG stock.

Plug Power’s Q1 sales grew 11.1%, but negative gross margins persist. Recent supply agreement aims to improve cost structure. Rising SG&A expenses and cash burn remain concerns for the company’s financial outlook.

Analysts project modest revenue growth for Plug in FY25, with a narrowing net loss. Despite industry optimism, PLUG stock retains a consensus “Hold” rating. Average price target suggests substantial upside potential.

Analysts view PLUG stock as a “Hold,” citing resistance levels at $2.00. Fundamental improvements are crucial for stock movement. Q2 report in early August will reveal key insights into margins and cash burn.

Read more at Yahoo Finance.: As Analysts Sweeten on Hydrogen, Is Plug Power Stock a Buy?