Overview

• Shares rose about 12.6% in Monday pre-market trading, extending Friday’s 34% surge to a $3.81 close and capping a near 165% gain over the past month, according to Benzinga.
• H. C. Wainwright reaffirmed a Buy rating and increased its price target to $7 from $3, helping fuel the latest advance.
• Plug reported delivery of its first 10-megawatt electrolyzer to Galp’s Sines refinery in Portugal, a notable step in its European rollout.
• Coverage highlights rising investor interest in hydrogen as a power option for AI data centers and notes the analyst view that Small Modular Reactors could provide stable, carbon-free power for electrolysis.
• Caution persists as Yahoo Finance notes Plug remains unprofitable, with roughly $2 billion in losses over the past 12 months.