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Why Plug Power Stock Surged This Week

TheMotleyFool

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Plug Power (NASDAQ: PLUG) stock closed out this past week's trading with double-digit gains. The hydrogen technologies company's share price gained 12.9% over the stretch and at one point had been up as much as 21.6% from where it stood at the end of the previous week's market close.

Plug Power stock got a big boost from bullish momentum for the broader market this week. The S 500 gained 0.5% across the stretch, and the Nasdaq Composite rose 1.5%. Both indexes set new valuation records in the stretch, helping to energize bullish sentiment for meme stocks.

Image source: Getty Images.

Source Fool.com

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