Why Plug Power Stock Is Skyrocketing Today

Key Points

• Plug Power stock is soaring today thanks to bullish analyst coverage.

• H.C. Wainwright reiterated a buy rating on Plug Power and raised its price target on the stock from $3 per share to $7 per share.

• 10 stocks we like better than Plug Power ›

Plug Power (NASDAQ: PLUG) stock is seeing huge gains in Friday's trading in response to bullish analyst coverage. The company's share price was up 37.5% as of 12:30 p.m. ET. At the same point in the day's trading, the S&P 500 had risen 0.5% and the Nasdaq Composite was up 0.2%.

Before the market opened this morning, H.C. Wainwright published new coverage on Plug Power that is helping to cause a surge in the hydrogen-power specialist's valuation. Plug Power stock is now up 178% over the last three months.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

Image source: Getty Images.

Plug Power surges in response to new price target

With the note that it published this morning, H.C. Wainwright reiterated a buy rating on Plug Power stock. Wainwright's analysts also raised their one-year price target on the stock from $3 per share to $7 per share. Despite the stock already seeing massive gains in today's trading, Wainwright's new price target still implies additional upside of roughly 85%.

What's next for Plug Power?

As noted in H.C. Wainwright's recent coverage, Plug Power could be poised to benefit from rising electricity prices and nuclear-power development trends. Wainwright's analysts also think that high short interest on Plug Power stock could help facilitate big gains.

On the other hand, Plug Power still needs to demonstrate that it can improve its gross margins and establish a long-term path to profitability. Plug Power's incredible rally in recent months may have also been partially powered by meme-stock momentum. While increased support from retail traders shouldn't be viewed as a negative in the grand scheme of things, investors should still understand that this speculative play comes with a lot of risk.

Should you invest $1,000 in Plug Power right now?

Before you buy stock in Plug Power, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $626,942!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,157,870!*

Now, it’s worth noting Stock Advisor’s total average return is 1,063% — a market-crushing outperformance compared to 191% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of September 29, 2025

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.