Plug Power Inc. (PLUG) saw a surge in shares to an all-time high after a price target increase and rating upgrade from HC Wainwright. The investment firm doubled its price target to $7, citing higher electricity prices in the US. Data shows power prices in the US have risen in residential, commercial, and industrial segments. Plug Power delivered its first 10-megawatt electrolyzer to Galp Energia in Portugal, part of a larger 100-MW system project. The partnership aims to produce renewable hydrogen and replace grey hydrogen at the Sines Refinery. Despite Plug Power’s potential, some AI stocks may offer higher returns with less risk. Check out the best short-term AI stock.

Read more at Yahoo Finance: Plug Power (PLUG) Soars to All-Time High on Higher PT, Rating Upgrade