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Why Plug Power Stock Surged 69% in June

TheMotleyFool

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Plug Power (NASDAQ: PLUG) stock went ballistic in June, surging 68.8% according to data provided by S&P Global Market Intelligence. A big electrolyzer deal, insider buying, and President Donald Trump's "Big, Beautiful Bill" helped the hydrogen stock log its best month so far in 2025, but can the stock go any higher?

Image source: Getty Images.

After signing a 3 gigawatt (GW) electrolyzer agreement with Allied Green Ammonia in January for its factory in Australia, Plug Power bagged another deal on June for 2 GW electrolyzer capacity for Allied Green's $5.5 billion green chemical production facility in Uzbekistan.

Source Fool.com

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