Plug Power’s incoming CEO reveals sales growth will come from electrolyzers and material handling businesses, with big customers like Amazon and Walmart. Analysts continue to upgrade the hydrogen stock’s price target, driving a 67% rally in October. Plug Power expects profitability with higher sales and a positive gross margin run rate by 2025.

Analyst raises Plug Power stock’s price target to $3.50 per share, already surpassed. Company expects electrolyzers and material handling to drive sales, with expanding investment tax credits benefiting fuel cell projects. Plug Power vertically integrates into producing green hydrogen to cut costs and increase sales, attracting investors.

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Read more at Nasdaq: Why Plug Power Stock Is Surging Again Today