Aug. 17 at 9:41 AM
$PLUG is starting to look increasingly bullish. After the massive sell-off, the chart is showing signs of a potential bottom, with higher lows and declining selling pressure. A sustained breakout above
$2.40–
$2.50 could open the door toward
$3.00–
$3.50.
Fundamentals are improving too: Q2 2026 revenue reached about
$178M, gross margin improved dramatically toward break-even, operating expenses fell sharply, and adjusted EPS improved significantly. Plug also continues to work with major names such as Amazon
$AMZN, Walmart
$WMT, Home Depot
$HD and BMW
$BMWYY.
Wall Street is taking notice: Roth Capital raised its price target from
$3.50 to
$5.00 while maintaining a Buy rating. Improving margins, stronger execution and blue-chip customers could turn this stabilization into a real
$PLUG turnaround.
