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Benzinga
Benzinga
Business
Henry Khederian

Plug Power Stock Is Surging Wednesday: What's Going On?

PLUG Plug Power Plug Power Inc Hydrogen Artificial Intelligence Benzinga Edge
Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Shares of Plug Power Inc (NASDAQ:PLUG) continued their powerful rally Wednesday, fueled by ongoing excitement around artificial intelligence and an operational update. The hydrogen energy company’s stock has surged over 88% in the past month.

What To Know: The recent momentum is largely tied to the immense energy demands of AI-driven data centers. Investors are betting on hydrogen fuel cell providers like Plug to deliver the scalable, green power required for this technological revolution. This AI-related optimism has also lifted peers such as FuelCell and Bloom Energy.

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