Investor sentiment towards Plug Power (NASDAQ: PLUG) flipped drastically in September, with shares soaring 48.4% and an additional 77% in October. The company reported revenue growth of 21% and improved gross margin, banking heavily on electrolyzers for growth and green hydrogen plants to become vertically integrated.

Plug Power’s stock surge continued after delivering a 10 MW electrolyzer to Galp’s refinery in Portugal, with more deliveries pending. Analysts are optimistic, with H.C. Wainwright raising the price target to $7 per share. President Trump’s focus on nuclear energy could also benefit Plug Power, leading to a massive price target upgrade.

Investors have long awaited Plug Power’s profitability, with its shift in focus showing promise. Despite a history of unmet goals, the company aims for overall profitability by 2028. While excitement surrounds the stock, potential investors should consider the company’s past challenges and cash flow issues.

The Motley Fool Stock Advisor team identified Plug Power as not one of the top 10 stocks for investors to buy now. However, past recommendations like Netflix and Nvidia have yielded significant returns. Stock Advisor boasts a total average return of 1,061%, outperforming the S&P 500. Joining could provide access to the latest top 10 list for potential investment opportunities.

Read more at Yahoo Finance: Why Has Plug Power Stock Popped 163% in 5 Weeks?