Plug Power (PLUG) is building strong bullish momentum, with a gap forming around the $2.25 level. A breakout above the $2.98 weekly resistance would signal continued strength, positioning the stock to target $5.13. This trade offers a compelling risk-to-reward ratio, with downside risk managed through a stop-loss at $1.98.
As a pioneer in hydrogen fuel cell solutions, Plug Power is well-positioned to benefit from the growing shift toward clean energy and sustainable technologies. With increasing adoption of hydrogen solutions across industrial, transportation, and energy markets, the company’s innovative products and partnerships strengthen its long-term growth potential.
This combination of technical momentum and favorable market trends supports a bullish push toward $5.13, presenting a strong opportunity for both traders and investors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.