PLUG Stock Rises Most In A Month — Retail Turns Bullish On Hydrogen Deal

• Earlier this year, Plug Power installed 100 MW GenEco PEM electrolyzer modules at Galp's Sines refinery in Portugal, expected to produce up to 15,000 tons of renewable hydrogen per year. 
• In 2025, Plug Power was also awarded its first liquid hydrogen supply contract with NASA.
• On Stocktwits, retail users noted the importance of hydrogen across industries, while also applauding the company’s latest Courant project deal.

Shares of Plug Power Inc. (PLUG) garnered significant retail attention on Monday after it surged more than 13%, the most in a month.

Retail chatter around the stock on Stocktwits grew 105% in 24 hours, climbing from ‘low’ to ‘normal’ levels at the time of writing.

Users noted the importance of hydrogen across industries, while applauding the company’s latest deal for a Canadian green hydrogen and ammonia project. Plug Power is a clean energy company that is focused on creating an end-to-end green hydrogen ecosystem.

What Did Stocktwits Users Say?

On Stocktwits, retail sentiment around PLUG stock improved from ‘bearish’ to ‘bullish’ territory over the past day.

One user said that hydrogen was quickly becoming important across industries and that “accumulation momentum” had arrived. 

https://stocktwits.com/Jconde/message/649506026

Another bullish user said that Plug Power’s recent Courant project was an addition to the company’s existing impressive pipeline.

A third user predicted that PLUG shares would surpass $3 this week and could potentially surge to $5 by the end of May. Shares of PLUG were trading around $2.7 at the time of writing.

Courant Project Deal

Earlier this month, Plug Power secured a Front-End Engineering Design (FEED) contract to supply a 275 MW GenEco proton exchange membrane (PEM) electrolyzer system for Hy2gen Canada Inc.’s Courant project, one of North America’s largest low-carbon ammonia and ammonium nitrate facilities.

Located in Baie-Comeau, Québec, the company said that the project would use hydroelectric power from Hydro-Québec to produce green ammonia for mining explosives. Plug is expected to handle engineering, system integration, and optimization.

Earlier this year, Plug Power installed 100 MW GenEco PEM electrolyzer modules at Galp's Sines refinery in Portugal, expected to produce up to 15,000 tons of renewable hydrogen per year. In 2025, Plug Power was also awarded its first liquid hydrogen supply contract with NASA.

The company also appointed Jose Luis Crespo as its new CEO on March 2.

PLUG stock has climbed 118% in the past year.

Meanwhile, the iShares Global Clean Energy ETF (ICLN), which tracks global equities in the clean energy sector, has gained about 66% in the same time.

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