10 Stocks Stealing The Spotlight Today

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1. Plug Power Inc. (NASDAQ:PLUG)

Plug Power soared by 25.75 percent on Wednesday to end at $2.93 apiece as investors cheered the delivery of its first 10-megawatt electrolyzer to Galp Energia, the largest energy company in Portugal.

In a statement, Plug Power Inc. (NASDAQ:PLUG) said that the first 10-MW electrolyzer forms part of the 10 total deliveries, creating a full 100-MW system for Galp. The nine remaining machines are targeted to be delivered by early 2026.

Plug Power Inc. (NASDAQ:PLUG) touts its partnership with Galp as its largest worldwide, with the project capable of producing up to 15,000 tons of renewable hydrogen per year and replacing 20 percent of the grey hydrogen currently used at the Sines Refinery.

The switch was also said to reduce the refinery’s greenhouse emissions by approximately 11,000 tons per year.

“Plug is building the next generation of industrial energy solutions, and our collaboration with Galp shows that large-scale hydrogen is ready today,” Plug Power Inc. (NASDAQ:PLUG) CEO Andy Marsh said.

“This system will be a model for what’s possible across Europe’s refining sector and the broader energy industry,” he added.

While we acknowledge the potential of PLUG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLUG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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