Up 45% in a Month, Should You Buy Plug Power Stock Here?

Plug Power (PLUG) has been on a tear lately, with shares soaring more than 45% over the past month. This rally followed a surprise two-year extension of the 45V clean hydrogen production tax credit, included in the Senate’s latest revision of President Donald Trump’s massive tax and spending bill, which he signed into law on July 4. For Plug, which has been facing increasing scrutiny over its viability, this move is being hailed as a potential lifeline.

However, even with this renewed wave of optimism, several fundamental concerns still linger beneath the surface. The company’s financial performance remains shaky, with consistently negative gross margins, significant cash burn, and uncertainty surrounding its liquidity. That brings us to the key question: Has anything really changed about Plug Power’s long-term outlook?