Plug Power Is Soaring 10% Higher, But Should It Be?[Stocks](https://moneymorning.com/category/article/stocks/) # Plug Power Is Soaring 10% Higher, But Should It Be?  by Rich Duprey  November 10, 2025  Share it: **Plug Power** ( [PLUG](https://moneymorning.com/stocks/plug/)) shares are surging 10% in premarket trading this morning following the company's announcement that it expects to generate over $275 million in liquidity through asset monetization, release of restricted cash, and reduced maintenance expenses. The news involves a non-binding Letter of Intent (LOI) to monetize electricity rights in New York and another location, while collaborating with a U.S. data center developer to provide auxiliary and backup power via Plug's fuel cell technology. This positions Plug in the booming data center sector, emphasizing reliable, low-carbon energy solutions. While the headline sounds promising, Plug's stock performance tells a mixed story. Year-to-date shares are up 24%, and they've more than tripled over the last six months. However, the stock remains down about 85% over the past two years and a staggering 99% below its 2000 highs. Historically, Plug has tantalized investors with grand promises in the hydrogen economy – from electrolyzers to fueling stations – but has consistently underdelivered, often capitalizing on stock bounces to dilute shareholders through equity offerings. Is this latest announcement any different? Should the stock really be soaring?  ## **Much Ado About Nothing** Plug also highlights it is suspending activities on its Energy Dept. (DOE) loan program to reallocate capital toward higher-return opportunities, bolstered by a recent hydrogen supply agreement with a global industrial gas leader. Ironically, the original DOE loan news sparked a similar stock jump, only for Plug to now abandon it. Critically, the core monetization plan that has investors most excited hinges on a non-binding LOI – no firm agreements, no concrete details on timelines, pricing, or execution. This feels like another vague "nothingburger" from a company prone to hype without substance. Plug is a heavily shorted stock with about 29% of shares sold short, potentially fueling today's pop through short covering. Yet, with an interest coverage ratio of just 3, it's unlikely to ignite a full squeeze. Ultimately, this looks like much ado about nothing. Investors should resist the lure – history suggests it won't be different this time. **Beat the market, without relying on brokers or biased institutions.** Email(Required) Facebook 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. You can unsubscribe at any time and we encourage you to read more about our [Privacy Policy](https://moneymorning.com/privacy/). ## One moment, please: Processing your submission ###### More Trending Stories from Money Morning - [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) - [Is a Buyout the Hope PayPal Investors Have Been Waiting For?](https://moneymorning.com/2026/02/27/is-a-buyout-the-hope-paypal-investors-have-been-waiting-for/) - [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) - [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) - [Anthropic Mauls CrowdStrike Again. Here's Why the Cybersecurity Stock Is a Buy](https://moneymorning.com/2026/02/25/anthropic-mauls-crowdstrike-again-heres-why-the-cybersecurity-stock-is-a-buy/) Share it: ### Popular Articles ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/03/01/why-acm-research-is-a-buy-despite-earnings/) March 1, 2026 ###### [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) February 27, 2026 ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) February 27, 2026 ###### [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) February 27, 2026 Notifications reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/)