Plug Power (PLUG) Soars after CFO Buys 650K Shares

Shares of Plug Power (PLUG), a global leader in hydrogen solutions, are soaring in today’s trading after it announced that Chief Financial Officer Paul Middleton has purchased an additional 650,000 shares of the company’s stock on the open market. The purchase, made on June 9, 2025, was at an average price of $1.0339 per share. This move follows another purchase earlier this month, which highlights Middleton’s growing confidence in Plug’s long-term strategy and future in the hydrogen economy.

In fact, Middleton emphasized his belief in Plug’s potential by stating, “This additional investment reflects my strong conviction in Plug’s strategy and long-term value creation.” He added that he sees significant upside ahead as the company executes its growth plans and gains market traction. It is worth noting that Plug is working to build a fully integrated hydrogen ecosystem and remains focused on expanding its leadership position within the energy sector.

His stock purchase also highlights the management team’s confidence in Plug’s progress. Indeed, the company is ramping up hydrogen production plants, launching its GenEco electrolyzers, and seeing growing demand for its GenDrive fuel cell solutions in material handling and industrial markets. Middleton called this a “transformative moment” for Plug and the industry, adding, “I believe deeply in Plug’s ability to lead this energy transition—and I’m proud to continue investing in that future.”

Is PLUG Stock a Buy?

Turning to Wall Street, analysts have a Hold consensus rating on PLUG stock based on four Buys, 12 Holds, and four Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average PLUG price target of $1.45 per share implies 26.1% upside potential.

See more PLUG analyst ratings