Plug Power Inc. (NASDAQ:PLUG) is one of the 10 Stocks Notching Impressive Double-Digit Gains.
Plug Power snapped a four-day losing streak on Wednesday, jumping 12.54 percent to close at $3.41 apiece, after a bullish rating, while investors repositioned portfolios ahead of its first quarter earnings performance.
In a market note, Clear Street upgraded Plug Power Inc. (NASDAQ:PLUG) to $3.50 from $3, while maintaining its buy recommendation, amid expectations of strong momentum for contract wins.
Photo by RDNE Stock Project on Pexels
Clear Street also raised its sales target for Plug Power Inc. (NASDAQ:PLUG) to 8 percent, at $144 million, for the first quarter of the year.
Official results are scheduled to be released after market close on May 11, 2026. A conference call will be held to discuss the results.
Meanwhile, the investment firm reduced its full-year sales forecast for the company to $817 million—an implied 15 percent growth year-on-year, but was lower by 2 percent than previously expected.
It also trimmed its forecast for first half revenues, but turned more bullish for the second semester of the year.
In its upcoming earnings call, investors are expected to watch for the listed firm’s updated outlook under the leadership of newly-installed chief executive officer, Jose Luis Crespo, who assumed the role last March 2.
Prior to the CEO role, Crespo served as Plug Power Inc.’s (NASDAQ:PLUG) president and chief revenue officer, where he helped drive growth through cost discipline, margin expansion, and capital efficiency, resulting in revenues hitting more than $700 million last year from only $27 million in 2013. He also deepened strategic partnerships with global customers, including Amazon, Walmart, Home Depot, Galp, and Iberdrola, while advancing hydrogen fuel cell and electrolyzer deployments across multiple industries.
Crespo replaced Andy Marsh, who transitioned to chairman of Plug Power Inc.’s (NASDAQ:PLUG) board of directors, consistent with the leadership transition plan announced last October.
While we acknowledge the risk and potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLUG and that has 10,000% upside potential, check out our report about the cheapest AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
