Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company's turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline.
Plug Power's second-quarter earnings and a boost to expectations for full-year revenue growth reveal a company heading toward profitability, say analysts.
Plug Power stock went parabolic in premarket trading, as we anticipated in our earnings preview. PLUG jumped more than 14% to a high of $2.40, its highest level since July 9, and is now up about 30% from its monthly low.
Plug Power stock price is rising today, August 10, as traders wait for its second-quarter earnings report, which will come out after the market closes. It jumped to $2.30, up by 23% from its lowest point this month.
Plug Power stock remains in a deep bear market after falling by over 50% from the highest point this year. This retreat will be put to the test on August 7 after the company publishes its financial results.
SLINGERLANDS, N.Y., July 13, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) today announced two transactions with Stream US Data Centers, LLC ("Stream"), advancing the Company's previously announced strategic infrastructure optimization initiatives, which collectively target more than $275 million in liquidity improvement through a combination of asset monetization, release of restrict...
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company's ongoing turnaround efforts.