Plug Power Inc. Stock News

Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD) CLAYTON, Mo. , April 17, 2025 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that Hidrogenii, the joint venture between Olin and Plug Power Inc. (NASDAQ: PLUG), commissioned its 15 TPD hydrogen liquefaction plant in St. Gabriel, Lou...

Plug Power (PLUG -8.09%) was one of the hottest stocks on the market during the pandemic, and for good reason. The company was pushing hydrogen fuel cells and electrolyzers into new markets and driving phenomenal growth.

Plug Power stock price has crashed to a record low, moving from a record high of $75.45 in January 2021 to $1. Its market cap has dropped from over $42.21 billion in 2021 to $960 million, meaning that investors have lost over $41 billion.

Many renewable energy stocks ran out of juice over the past year as the Trump administration embraced fossil fuels and rattled the market with its divisive tariffs. However, that pullback might represent a golden buying opportunity if you expect the market's demand for renewable energy solutions to keep growing over the long term.

A company's book value is equal to its total assets, less its liabilities. Book value does not consider the future at all.

Plug Power (PLUG 1.23%) has now logged three straight months of double-digit percentage stock price drops, with shares of the hydrogen fuel cell maker tumbling another 16.1% in March after losing nearly 13% in each of the first two months of the year, according to data provided by S&P Global Market Intelligence. The hydrogen stock is now down a whopping 43% so far in 2025, as of this writing.

You may not see hydrogen fueling stations popping up in your neighborhood, but this doesn't mean that enthusiasm for the power source is nonexistent. Research from Global Market Insights suggests that the global hydrogen industry was valued at $204.5 billion in 2024 and will grow to $603.3 billion in 2034.

SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen projects with Toyota Material Handling Europe, a supplier of hydrogen fuel cell material handling equipment, and Plug Power, a provider of end-to-end green hydrogen solutions. The two projects are loca...