Many investors had already moved on from hydrogen, but Plug Power (PLUG) is back on the radar. The stock is up 96.34% so far in 2026 and has recently pushed to new highs of $3.94 today, helped by traders returning to a name that has stirred strong opinions in the past. The latest move is tied to results, not chatter. In Q1 2026, net revenue rose 22.3% from a year earlier to $163.5 million, beating Wall Street’s estimates by nearly 16%.
That performance matters even more because Plug still has major names behind it. Amazon (AMZN) and Walmart (WMT) remain key customers, using its hydrogen fuel cell systems in logistics and warehouse operations.
