Shares of Plug Power Inc (NASDAQ:PLUG) continued their powerful rally Wednesday, fueled by ongoing excitement around artificial intelligence and an operational update. The hydrogen energy company’s stock has surged over 88% in the past month.
What To Know: The recent momentum is largely tied to the immense energy demands of AI-driven data centers. Investors are betting on hydrogen fuel cell providers like Plug to deliver the scalable, green power required for this technological revolution. This AI-related optimism has also lifted peers such as FuelCell and Bloom Energy.
Adding to the bullish sentiment, Plug announced Wednesday that it delivered its first 10-megawatt electrolyzer to Galp’s Sines refinery in Portugal. The module is the first of ten for a 100MW green hydrogen project, one of the largest in Europe.
The milestone highlights Plug’s progress in deploying its technology at scale, potentially reinforcing its position as a key player in both the green energy transition and the AI infrastructure boom.
Benzinga Edge Rankings: According to Benzinga Edge stock rankings, Plug boasts a strong Momentum score of 84.26, reflecting its powerful recent price trend.
PLUG Price Action: Plug Power shares were up 20.61% at $2.81 at the time of publication Wednesday, according to Benzinga Pro. The stock is trading within its 52-week range of 69 cents to $3.32.
Plug Power stock is well above its 50-day moving average of $1.72, indicating a bullish trend, with potential resistance at the 52-week high of $3.32. Support levels can be observed around the 200-day moving average at $1.58.
Read Also: Why Is Lithium Americas Stock Surging Wednesday?
How To Buy PLUG Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Plug Power’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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