Plug Power Stock Rebounds, Shaking Off Last Week's Dilution Concerns

Shares of Plug Power Inc (NASDAQ:PLUG) are trading higher Monday morning, pushing upward as the stock trends across social media. Monday’s move higher suggests a potential shift in investor sentiment following a volatile week that saw positive operational news get overshadowed by financing concerns.

What To Know: Last week, the stock initially surged on dual catalysts. First, Plug announced a renewed and expanded hydrogen supply agreement with a key industrial partner, securing lower-cost liquid hydrogen through 2030. CEO Andy Marsh praised the deal as a "win for… our margin profile."

Sentiment was further bolstered in recent sessions after President Donald Trump signed the "One Big Beautiful Bill," extending the crucial 45V clean hydrogen tax credit deadline to late 2027. This policy move provides critical breathing room for financing the company's new hydrogen plants.

However, the rally was abruptly halted. A July 9 prospectus filing for the potential resale of up to 31.5 million shares by a selling stockholder stoked immediate investor fears of share dilution. The subsequent pullback erased a significant portion of the recent gains.

Monday's rebound may indicate that investors are now looking past the dilution risk, focusing instead on the improved fundamentals and signs of insider confidence, such as CFO Paul Middleton's purchase of 650,000 shares in June.

Benzinga Edge Rankings: According to Benzinga Edge stock rankings, Plug Power presents a mixed financial profile. The stock scores exceptionally well on its Value metric with a rating of 74.32, suggesting it may be undervalued relative to its industry peers.

However, this is contrasted by significantly weaker scores for Momentum at 8.97 and Growth at 15.40, indicating poor recent price performance and lagging growth prospects. This data paints a picture of a potential value play that currently lacks strong growth and momentum signals.

Price Action: According to data from Benzinga Pro, PLUG shares are trading higher by 9.2% to $1.95 Monday morning. The stock has a 52-week high of $3.32 and a 52-week low of $0.69.

Read Also: 3 Catalysts Driving Plug Power’s Turnaround Case

How To Buy PLUG Stock

By now you're likely curious about how to participate in the market for Plug Power – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Plug Power, which is trading at $1.95 as of publishing time, $100 would buy you 51.28 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Image: Shutterstock