Plug Power (PLUG) stock rallied on Tuesday after the green hydrogen production company announced progress at its Georgia plant. The big news here is that the company delivered 324 metric tons of green hydrogen with 97% uptime and 99.7% availability in August 2025. This set a new monthly record for the facility, which highlighted the company’s dedication to increased green energy production.
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To go along with its Georgia plant update, Plug Power also hosted a tour of the facility for Oppenheimer (OPY) and institutional investors. This tour showed that the green energy company is confident about its progress in the green hydrogen production sector. It also allowed the company to be transparent with its investors, giving them greater insight into the company’s operations, building trust and boosting shareholder morale.
Other recent news that benefited Plug Power is updated coverage from a top analyst who covers the Industrials sector. Four-star Craig-Hallum analyst Eric Stine reiterated a Buy rating and $4 price target for PLUG stock, suggesting a 40.35% upside for the shares.
Plug Power Stock Movement Today
Plug Power stock was up 6.98% on Tuesday, extending a 33.1% year-to-date rally. The shares have also climbed 27.4% over the past 12 months. Today’s news resulted in extra attention for PLUG stock, as some 126 million shares changed hands. For perspective, the company’s three-month daily average trading volume is well below that at roughly 56 million units.
Is Plug Power Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Plug Power is Hold, based on four Buy, nine Hold, and two Sell ratings over the past three months. With that comes an average PLUG stock price target of $2.08, representing a potential 26.76% downside for the shares.
