Plug Power stock rose 5% due to positive EBITDA forecast and management stock purchases

Plug Power stock rose 5% on Thursday, outperforming the S&P 500 and Nasdaq Composite. The company expects to achieve positive EBITDA in 2026. Recent gains follow a rally sparked by bullish tax-credit news. Management and directors purchased stock, contributing to a 79% increase in share price over the past month.

Plug Power has been volatile, down 31% year-to-date but up 79% in the past month. The company expects stable gross margins this year and positive EBITDA in 2026. Management’s stock purchases signal confidence in the future, as hydrogen tax credits were extended.

Investors should note that while Plug Power stock surged, it’s still down 31% year-to-date. The company anticipates positive EBITDA in 2026 and stable gross margins this year. Recent management stock purchases and hydrogen tax credit extensions have boosted investor confidence.

Read more at Yahoo Finance: Why Plug Power Stock Soared Today