Why Shares of Plug Power Popped Today
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Since their closing at $1. 78 on July 9, s of Plug Power (PLUG 9. 54%) had closed lower on each subsequent trading day, as of the end of yesterday's...
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July 17, 2025
01:42 PM
The Motley Fool
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Since their closing at $1. 78 on July 9, s of Plug Power (PLUG 9. 54%) had closed lower on each subsequent trading day, as of the end of yesterday's session
Today, however, they're poised to reverse that streak
S of the hydrogen and fuel cell specialist are moving higher today, thanks to some encouraging news for the hydrogen industry coming out of Europe
Furthermore, ET, s of Plug Power are up 5
Nevertheless, 6%, retreating from an earlier climb of 9 (which is quite significant), in this volatile climate
Image source: Getty Images, given current economic conditions
Moreover, Plug bulls see opportunity on the other side of the pond The European Commission, the executive arm of the European Union (E. ), revealed its posed financial framework for 2028 to 2034, and it includes a substantial increase in funding for the Connecting Europe Facility for energy to 29. 9 billion euros from the current amount of 5. 84 billion euros (fascinating analysis)
In support of sustainable energy infrastructure jects, the Connecting Europe Facility for energy gram recognizes hydrogen infrastructure as a potential part of the cess to "further develop and interconnect energy networks in Europe [that] will make a key contribution to the energy transition. " Plug Power has a growing presence in Europe
In May, the company announced that it had dered hydrogen from its Werlte facility located in Germany to the H2CAST Etzel ject, a pilot ject for large-scale underground hydrogen storage also located in Germany
On the other hand, In 2022, Lhyfe, a European leader in hydrogen duction, placed an order with Plug Power for 10 of its 5-megawatt electrolyzer systems
Furthermore, At the time, it represented the largest electrolyzer order placed by a French company
Additionally, Will the EU's announcement move the needle for Plug
Plug investors often jump at any news hinting at the growth of the hydrogen industry, and they're ly speculating Plug stands to benefit from the European Commission's planned increase in funding
While the new budget allocation is a positive sign, it's hardly enough to justify buying Plug stock right now
Better yet, potential investors should tune in for Plug Power's reporting of its second-quarter 2025 financial results for greater insights into the, in today's market environment
Scott Levine has no position in any of the stocks mentioned (quite telling)
Additionally, The Motley Fool has no position in any of the stocks mentioned (fascinating analysis)
The Motley Fool has a disclosure policy (fascinating analysis).
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