9 Best Hydrogen and Fuel Cell Stocks to Buy Now

7. Plug Power Inc. (NASDAQ:PLUG)

On April 2, 2026, Plug Power Inc. (NASDAQ:PLUG) announced that it had obtained a Front-End Engineering Design contract to deliver a “275-megawatt” GenEco PEM electrolyzer system for Hy2gen’s Courant project in Baie-Comeau, Quebec. The corporation said the project is one of its largest electrolyzer awards, as it helps the manufacture of low-carbon ammonia, which will be converted into renewable ammonium nitrate for mining uses. The firm will handle engineering, system design, integration, and performance optimization, with the facility powered by the Hydro-Québec grid. Chief Executive Officer Jose Luis Crespo commented that the award shows the need for large-scale electrolyzer technology.

Separately, on April 9, 2026, Susquehanna analyst Charles Minervino updated Plug Power Inc. (NASDAQ:PLUG)’s price target to $2.75 from $2.50. It maintained a Neutral rating on the stock. The analyst cited estimate changes ahead of first-quarter reports.

Plug Power Inc. (NASDAQ:PLUG) is an alternative energy technology firm. It designs, develops, commercializes, and manufactures hydrogen and fuel cell systems for the material handling and stationary power fields.