The Hydrogen Hype Cycle: Plug Power's Moment of Truth Plug Power's stock has seen a remarkable resurgence over the past year, with shares soaring 96% year to date and hitting new highs.
While some may attribute this surge to hype or speculation, the numbers tell a more nuanced story. In Q1 2026, Plug Power reported a 22. 3% increase in net revenue, beating analyst estimates by nearly 16%.
This performance is impressive considering the company's history of volatility and ongoing struggles with profitability.