Plug Power Stock Surges After CFO’s Confident Share Purchase

NEW YORK, N.Y. — Shares of Plug Power increased significantly on Thursday after the company’s Chief Financial Officer, Paul Middleton, announced he purchased shares of the corporation. The acquisition occurred on June 9, 2025, at an average price of $1.0339 per share.

This stock purchase underscores Middleton’s confidence in Plug Power’s long-term growth strategy in the hydrogen economy. He stated, “This additional investment reflects my strong conviction in Plug’s strategy and long-term value creation.” He believes there is considerable potential for growth as the company adheres to its strategic initiatives.

Plug Power is dedicated to developing a fully integrated hydrogen ecosystem and aims to strengthen its leadership within the energy sector. Middleton’s purchase serves as a testament to the management’s faith in the company’s progress. Recently, the company has boosted production at its hydrogen plants and launched the GenEco electrolyzers. Additionally, the demand for its GenDrive fuel cell solutions has increased in material handling and industrial markets.

Middleton describes this moment as “transformative” for both Plug Power and the hydrogen industry. He expressed pride in continuing to invest in the company, stating, “I believe deeply in Plug’s ability to lead this energy transition.”

On Wall Street, analysts have issued a Hold consensus rating for PLUG stock, which includes four Buy ratings, 12 Holds, and four Sells over the past three months. The average price target for Plug Power is $1.45 per share, suggesting a potential upside of 26.1%.