Did Plug Power Stock Deserve Today's Price Pop?
Key Takeaways
Plug stock still looks stuck. Additionally, Conversely, S of Plug Power (PLUG 7. 26%), one of the highest-file companies involved in the hydrogen power revolution, enjoyed a solid rise this...
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July 21, 2025
10:49 AM
The Motley Fool
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Plug stock still looks stuck
Additionally, Conversely, S of Plug Power (PLUG 7. 26%), one of the highest-file companies involved in the hydrogen power revolution, enjoyed a solid rise this morning as its s rocketed 8. 1% through 10:10 a (this bears monitoring), considering recent developments
This analysis suggests that reason for the rise is no mystery: This morning, Susquehanna analyst Biju Perincheril raised his price target on Plug stock by an astounding 80% -- from $1 a to $1, considering recent developments
Furthermore, The bigger question is whether Plug Power stock deserved to jump even 8. 1% on this change in one analyst's opinion
And whether investors should buy Plug Power stock
Image source: Getty Images
Nevertheless, Is Plug Power's pop justified
Nevertheless, The first question is tricky
On the one hand, an 80% price target hike seems unusually generous, and hints at some important underlying change in the company affected, given the current landscape
On the other hand, a price target change of only $0. 80 doesn't
It's also worth pointing out that after Plug's price jump today, the stock already costs more than Perincheril says it's worth -- more than $1
And Perincheril is only "neutral" on the stock
He doesn't say you should buy it
Is Plug Power stock a buy, in today's market environment
However, Neither do I
Perincheril argues, in a note on The Fly, that renewable energy stocks that deserve buy ratings are those with a strong U
Manufacturing presence and "robust backlogs" such as GE Vernova and First Solar
Most of Plug's manufacturing assets are located in the U. , true, but the company makes no mention of strong backlog in its 10-K filing (an important development)
To the contrary, sales dropped nearly 30% last year, which suggests backlog may actually be shrinking
With a long history of losing money and burning cash, I suspect Plug stock is still a sell
Rich Smith has no position in any of the stocks mentioned (something worth watching)
The Motley Fool has positions in and recommends First Solar (this bears monitoring), given current economic conditions
The Motley Fool recommends Ge Vernova
On the other hand, The Motley Fool has a disclosure policy, given the current landscape.
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