Plug Triples! Hydrogen + AI: Is it the Next 10x Bagger?
Plug Power (PLUG) shares have nearly tripled in a month, marking their best week in a decade, as investors bet on the synergy between nuclear power growth and green hydrogen production amid the AI infrastructure boom.
Analyst Amit Dayal from H.C. Wainwright hiked his price target to $7 from $3, citing rising electricity prices, expanding nuclear energy, and AI-driven power demand as key tailwinds.
With short interest still at 32.5%, a potential short squeeze could further fuel the rally — even as Plug has underperformed on earnings for 20 straight quarters.