Can Plug Power’s (PLUG) AI Relevance Save the PLUG Stock Rally?[Stocks](https://moneymorning.com/category/article/stocks/) # Can Plug Power’s (PLUG) AI Relevance Save the PLUG Stock Rally?  by Joshua Enomoto  October 7, 2025  Share it: Hydrogen fuel cell and elctrolyser systems specialist **Plug Power** ( [PLUG](https://moneymorning.com/stocks/plug)) has finally seen the cord being removed — at least when it comes to the underlying security’s incredible rally. Early Tuesday afternoon, [PLUG](https://moneymorning.com/stocks/plug) stock found itself down more than 8%, forcing speculators to readjust their prior assumptions. Still, the bears might not have the easiest opportunity here, even amid rising skepticism. In the trailing month, [PLUG](https://moneymorning.com/stocks/plug) stock has gained a ridiculous 163%. Even including today’s volatile session, the last five days has witnessed the equity jump over 56%. Much of the enthusiasm appears to be driven by AI-related speculation. Specifically, H.C. Wainwright analyst Amit Dayal has championed the concept of surging electricity [demand](https://www.marketwatch.com/story/plug-powers-stock-has-been-swept-up-in-the-ai-mania-can-it-continue-2802c935?gaa_at=eafs&gaa_n=ASWzDAhG6PSn2KF0-NcQfL9Bi3g0ZVx2WBOiPA0pjszqw7ziq30JA3HJyDaLf_yqbxw%3D&gaa_ts=68e539c3&gaa_sig=oF6IK9iEmEEvodpij0NYq-tKo3IblRKri_5TUi-uodDvw0g452K4jrLGkPBwiMVlPbhO4h8Szi_W-RH2AhsQ2w%3D%3D) from AI data centers and industrial electrification making green hydrogen a more competitive energy source. Investors have already witnessed nuclear energy stocks skyrocket due to the broader AI energy infrastructure theme. With similar undertones seeping into Plug Power’s hydrogen industry, bullish investors decided to pile into [PLUG](https://moneymorning.com/stocks/plug) stock. However, given the parabolic climb, it appears that many of these early speculators are simply taking some profits off the table. Fundamentally, there’s nothing in the news cycle that suggests this AI/energy narrative has structurally shifted. Still, if the bears believe that this is an open invitation for downside wagers, [PLUG](https://moneymorning.com/stocks/plug) stock represents a high-risk endeavor.  Right now, Fintel estimates that the security’s [short interest](https://fintel.io/ss/us/plug) of float stands at 32.05%. Typically, a threshold of 10% serves as a warning while 20% or greater represents an extreme reading. On paper, this metric implies severe bearish pressure. However, an unexpected swing higher in the target stock could spark what’s known as a [short squeeze](https://moneymorning.com/2025/09/24/bulls-and-bears-face-off-in-an-epic-showdown-over-penny-stock-plug-power-plug/). Essentially, all short transactions impose tail risk — the threat of an ever-rising obligatory payment as the underwritten event gets realized to the extreme ends of the distribution. Mechanically, those wishing to exit their short exposure must initiate buy-to-close transactions. Of course, this buying pressure creates an upward positive feedback loop. That’s exactly what [PLUG](https://moneymorning.com/stocks/plug) stock threatens to do. While short squeezes are notoriously difficult to predict, the current speculative winds still appear to favor the bulls. **Beat the market, without relying on brokers or biased institutions.** Email(Required) X/Twitter This field is for validation purposes and should be left unchanged. Subscribe By submitting your email address, you will receive a free subscription to _Money Morning!_ and occasional special offers from us and our affiliates. 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