Plug Power (PLUG) Surges 25% After Earnings Beat — Can the Momentum Continue?
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Plug Power shares have surged 25% in 2026 after delivering stronger-than-anticipated quarterly results, with revenues reaching $225.2M and an EPS loss of $0.06. The company's potential in the AI data center market could be a significant tailwind, but economic viability of hydrogen production remains a challenge.
Plug Power shares have climbed 25% in 2026 after strong quarterly results. The company reported an EPS loss of $0.06 and revenues of $225.2M, beating analyst expectations. Susquehanna upgraded its price target to $2.75, while maintaining a neutral stance. The company's potential in the AI data center market is a significant opportunity, with estimates suggesting $7 trillion in data center construction by 2030. However, the economic viability of hydrogen production remains a challenge, with most methods being cost-prohibitive at scale. Plug Power's confirmed contracts in the AI data center sector are currently sparse. The company's stock has been turbulent, but the recent uptick has been notable, with shares trading at $2.74.
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