In This Article:
Plug Power (NASDAQ:PLUG) rebounds as CFO Paul Middleton buys 350,000 shares at ~$0.72, underlining insider confidence amid a steep post-earnings sell-off.
After its Q1 2025 report showed an $0.30 per-share losswider than analysts' $0.25 consensusPlug posted an 11% year-over-year revenue uptick to $133.7 million and ramped hydrogen output to 40 tons/day across three plants.
Middleton's ~$250,000 open-market buy on May 16 underscores my belief in the company's financial strength and growth potential, he said, just days after PLUG tumbled 22% between May 1215 on the earnings miss and Morgan Stanley's cut to Underweight with a $0.50 target.
Beyond production gains, Plug is chasing gains in its electrolyzer and fuel-cell divisions but needs $100200 million more before drawing on its first DOE loan, per Morgan Stanley. Meanwhile, Clear Street warns that the House GOP's clean-energy tax proposalif it strips the 45V hydrogen production credit for projects starting after 2025could be a negative catalyst unless Plug secures more international electrolyzer orders, cuts costs and lifts margins.
Why It Matters: Middleton's buy signals that insiders see value after the pullback, but funding gaps and policy shifts still pose execution risks for a company burning cash to scale clean-fuel tech.
This article first appeared on GuruFocus.