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flag Plug Power stock jumped 34% on Oct. 3, 2025, on a major hydrogen project milestone and upgraded outlook.

flag Plug Power stock surged over 34% on October 3, 2025, reaching a 52-week high, after H.C. Wainwright upgraded its rating to Buy and doubled its price target to $7, citing rising electricity costs, growing nuclear energy support, and a major milestone: the delivery of its first 10-megawatt electrolyzer to Portugal’s Galp Sines refinery. flag The project is part of a larger 100MW green hydrogen initiative expected by mid-2026. flag The rally followed a 120% gain in the past month and a 152% rise in the past year, driven by analyst optimism, high short interest, and speculation on hydrogen’s role in powering AI data centers. flag Despite strong momentum, Plug Power remains unprofitable, with no expected profitability until at least 2027. flag Ballard Power Systems saw its stock rise 25% on the same day, likely due to broader sector optimism, though it lacks Plug’s catalysts and remains unprofitable with low short interest.

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