Plug Power signed a multi-year supply agreement with an industrial gas company, boosting its stock over 25%. The deal cuts costs, secures hydrogen access, and adds to the stock’s 150% year-to-date surge. Analysts predict more gains, citing improved margin profile and cash flow from the agreement and recent bullish moves. President Trump’s bill extending hydrogen tax incentives may further benefit PLUG. CFO’s purchase of 650,000 shares adds to positive sentiment. Wall Street sees potential for continued growth in PLUG shares.
Read more at Yahoo Finance: Plug Power Just Scored a Supply Agreement Win. How Should You Play PLUG Stock Here?