Plug Power Inc. (NASDAQ:PLUG) surged by 8.48% on Friday, closing at $1.79 per share. Research indicates the fuel cell market is projected to grow at a CAGR of 21.2% through 2029. The fuel cell generator market is expected to reach $3.1 billion by 2024, driven by increased demand for power supply. Plug Power Inc. stands to benefit from this expansion, supported by ongoing AI growth in the US. In the second quarter, Plug Power Inc. anticipates revenues between $140 million and $180 million, with improvements in gross margin and working capital performance expected throughout the year. Although PLUG shows promise as an investment, some AI stocks are believed to offer even greater returns with limited downside risk. Interested investors can explore the best short-term AI stock in a free report.

Read more at Yahoo Finance: Plug Power (PLUG) Surges 8.5% as Fuel Cell Market Begins to Boom