We recently compiled a list of the 10 Best Low Cost Stocks To Buy Under $50. Plug Power Inc. stands second on our list.
Plug Power Inc. (NASDAQ:PLUG) is a key player in the clean energy space, developing hydrogen fuel cells and electrolyzer systems to support the decarbonization of transport, logistics, and industrial sectors. The company offers a range of technologies, including fuel cell systems for vehicles, stationary fuel cells, and integrated hydrogen production and dispensing solutions.
In July 2025, Plug Power Inc. (NASDAQ:PLUG) secured a $1.66 billion conditional loan guarantee from the U.S. Department of Energy to build up to six green hydrogen plants, beginning in Texas. This major government backing reduces financial risk and fast-tracks infrastructure development. At the same time, the business extended a strategic hydrogen supply agreement through 2030 with a major U.S. industrial gas partner. This deal ensures steady hydrogen availability, lowers immediate costs, and supports the company’s growing network of over 275 hydrogen-consuming sites.
Recent U.S. Treasury guidance on hydrogen tax credits has further boosted the company’s position by allowing greater flexibility in power sourcing and widening credit eligibility. CEO Andy Marsh described this as a landmark win for both the company and the broader hydrogen industry, enhancing project feasibility and investor confidence.
A wide-angle view of a team of workers wearing PPE in a large hydrogen plant.
Looking ahead, Plug Power Inc. (NASDAQ:PLUG) aims to produce 500 tons of green hydrogen per day in North America by 2025 and 1,000 tons globally by 2028. These targets support the company’s sustainability goals, including reducing CO₂ emissions from hard-to-electrify sectors. With proprietary technologies, strong government and industrial partnerships, and policy tailwinds, the firm is poised to lead the U.S. transition to green hydrogen at scale.
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Disclosure: None.
