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Why Is Plug Power Stock Up Today? Canada Project Win Explained
Plug Power (NASDAQ:PLUG) stock is up following a major contract win for a 275-megawatt GenEco PEM electrolyzer system for Hy2gen Canada’s Courant project. This significant order helps to reset expectations for future order momentum and highlights growing demand for electrolyzer technology, despite the company’s recent volatile earnings. Analysts remain cautious, with a consensus Hold rating and varied price targets, although the stock shows a strong rebound over the last year.