Why Plug Power Stock Popped Today
Key Points
Plug Power stock popped in sympathy with Bloom Energy's reporting of fourth-quarter 2025 results yesterday.
Since Plug Power stock represents a high degree of risk, investors may prefer a less speculative hydrogen investment, such as a hydrogen ETF.
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Recovering from yesterday's performance that resulted in a 10% drop from where it ended after Wednesday's trading session, Plug Power (NASDAQ: PLUG) stock jumped 11.6% higher today from yesterday's closing price.
While investors may presume that the fuel cell specialist's stock rose after the company reported positive news, it turns out the company had nothing to share today. Instead, it was recent news about a fellow fuel cell company that underpinned today's stock price rise.
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Plug Power's peer is proving that providing fuel cells can be a lucrative endeavor
Fuel cell specialist Bloom Energy (NYSE: BE) reported fourth quarter 2025 financial results after the market closed on Thursday, and Plug Power investors took notice today.
Beating analysts' top and bottom-line estimates, Bloom Energy reported its second consecutive year of positive operating cash flow. In addition, the company reported strong backlog growth, suggesting to investors that demand for its fuel cell offerings remains strong. Bloom Energy ended 2025 with a total backlog of about $20 billion -- about 65% higher than the $12.1 billion it had at the same time last year.
Why are investors charging up their portfolios with Plug stock after Bloom Energy's strong quarter?
Although Plug Power has been around for almost three decades, the company has consistently failed to produce both steady profits and positive operating cash flow. With Bloom Energy achieving both feats in 2024 and 2025, investors surmised today that it is, in fact, possible to operate a lucrative fuel cell business -- and that all hope isn't lost for Plug Power.
To click the button on Plug Power stock simply because Bloom Energy is flourishing, however, is incredibly risky. Instead, those with Plug Power stock on their radars should tune in to the company's fourth-quarter 2025 earnings presentation in the coming weeks for insight into its financial health. More conservative investors, on the other hand, may prefer to simply invest in a leading hydrogen exchange-traded fund.
Should you buy stock in Plug Power right now?
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Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy. The Motley Fool has a disclosure policy.
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