Overview
- Shares jumped about 20% on Sept. 17 and roughly 40% over the week as the Global X Hydrogen ETF hit a 52-week high.
- Coverage links the surge to the Federal Reserve’s first rate cut in nine months, which reduces borrowing costs for capital‑intensive firms.
- Plug Power highlighted an extension of its Uline agreement through 2030 and a new partnership with GH2 Global in Brazil.
- Operational plants in Georgia, Tennessee and Louisiana provide about 40 tons per day of liquid hydrogen capacity, with more than 40 new sites slated to launch in 2025.
- Financial risks persist, with roughly $2.0 billion in net losses over the past four quarters and concerns about cash needs and potential dilution.