Why Plug Power Stock Plunged Another 35% in April
Plug Power stock is in a free fall, but one thing could finally help it recover.
The stock of Plug Power (NASDAQ: PLUG) has been an absolute disaster in 2025 so far: It has fallen for four straight months now. April was a wild ride, with the hydrogen-power stock plunging 35.4%, according to data provided by S&P Global Market Intelligence. At one point in trading on April 28, though, Plug Power rose over 45%, only to fall back soon after.
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Earlier in April, the company added a new client, STEF, a European logistics company. Plug Power will deploy its GenKey solutions, which include everything from hydrogen fuel cells to service, at two STEF cold-storage sites in collaboration with Toyota Material Handling Europe.
