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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Plug Power Inc. (PLUG): Among EV Penny Stock From $10 to Under $1

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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Plug Power Inc. (NASDAQ:PLUG) is an electrical equipment & parts company that specializes in developing fuel cell product solutions.

The global electric vehicle ( EV ) market is on a roll despite the ever-growing tariff turmoil triggered by US President Donald Trump .

China continues to lead the world in EV adoption, with sales in March topping 1 million units, a record last seen in August 2024 .

Plug Power Inc. ranks 3rd on our list of stocks in EV penny list: from $ 10 to under $ 1 .

The global hydrogen fuel cell market is projected to reach $27.49 billion by 2034 from $5.23 billion as of 2025 .

PLUG has already finalized a $1.66 billion loan guarantee from the US Department of Energy to accelerate the construction of hydrogen manufacturing plants.