Plug Power (PLUG) Skyrockets by 26% Amid Executive’s Ownership Hike

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where Plug Power Inc. (NASDAQ:PLUG) stands against other stocks that stunned Wall Street on Monday.

Plug Power grew its share prices by 25.88 percent on Monday to finish at $1.22 apiece as investors mimicked its chief finance officer’s (CFO) acquisition of additional stake in the company.

On the same day, Plug Power Inc. (NASDAQ:PLUG) announced that its CFO, Paul Middleton, acquired 650,000 of its shares at an average price of $1.0339 apiece. The transaction followed a previous purchase earlier this month, underscoring Middleton’s continued confidence in its long-term strategy, strong financial trajectory, and leadership.

The transaction also pushed the company’s share price above the $1 minimum bid price, which is a requirement of the Nasdaq to stay listed on the exchange.

Prior to Monday’s close, Plug Power Inc. (NASDAQ:PLUG) has notably been trading below the minimum bid price for 28 consecutive days since April 16, 2025.

Plug Power (PLUG) Skyrockets by 26% Amid Executive's Ownership Hike

A generator being fueled and readied for use as part of an end-to-end green hydrogen ecosystem.

Plug Power Inc. (NASDAQ:PLUG) is a US-based company engaged in the development of hydrogen fuel cells and electrolyser systems that replace conventional batteries in equipment and electric vehicles.

Overall, PLUG ranks 1st on our list of stocks that stunned Wall Street on Monday. While we acknowledge the potential of PLUG as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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

Disclosure: None. This article is originally published at Insider Monkey.