The 10 Biggest Winners in a Bloody Market

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1. Plug Power Inc. (NASDAQ:PLUG)

Plug Power saw its share prices jump by 22.38 percent on Tuesday to finish at $2.23 apiece, as investor optimism was fueled by a strong earnings performance last year and the appointment of a new CEO.

In an updated report, Plug Power Inc. (NASDAQ:PLUG) said that it narrowed its attributable net loss last year by 19.5 percent to $1.69 billion from $2.1 billion in 2024, while net revenues surged by 12.9 percent to $709.9 million from $628.8 million year-on-year, thanks to higher equipment sales volumes and continued commercial momentum across its core markets.

Further buoying sentiment was news that Jose Luis Crespo, who was president and chief revenue officer of the company, officially assumed the CEO role last Monday, March 2.

As Plug Power Inc.’s (NASDAQ:PLUG) CRO, Crespo 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, Gal,p 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 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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