Stock Market Today, March 4: Plug Power Continues to Surge With Another 11% Gain

By Emma Newbery – Mar 4, 2026 at 5:49PM ESTExpandNASDAQ: PLUGPlug PowerToday's Change(10.76%) $0.24Current Price$2.47Key Data PointsMarket Cap$3.5BDay's Range$2.24 - $2.5052wk Range$0.69 - $4.58Volume5.7MAvg Vol100MGross Margin-3409.40%Plug Power (PLUG +10.76%), a leader in hydrogen fuel cell systems, closed Wednesday’s session at $2.48, up 11.21%. The stock extended its rally as investors continued to digest to better‑than‑expected Q4 results. In addition to announcing a new CEO, the company gave a timeline for full profitability. Trading volume reached 127.7 million shares, coming in about 28% above its three-month average of 99.9 million shares. Plug Power IPO'd in 1999 and has fallen 98% since going public.How the markets moved todayThe S&P 500 (^GSPC +0.78%) advanced 0.78% to 6,870, while the Nasdaq Composite (^IXIC +1.29%) added 1.29% to finish at 22,807. Within hydrogen fuel cell systems, industry peers Bloom Energy (BE +7.65%) closed at $164.78 (up 7.69%) and FuelCell Energy (FCEL +8.07%) finished at $8.57 (up 8.07%), reflecting renewed interest in the group.What this means for investorsPlug Power’s recent gains come on the back of Monday’s impressive earnings. Its positive gross margin for Q4 2025 marked an important milestone in the company’s turnaround. Plug Power will carry on pursuing cost cutting measures under new CEO, Jose Luis Crespo, with an initiative it dubs Project Quantum Leap.Ongoing ivestor optimism might be tempered by concerns that it will need more capital to reach its 2028 goals. It has enough cash to take it until the end of this year, but profitability will take longer. There’s also a class-action lawsuit related to a Department of Energy loan that could impact the share price. Read NextMar 3, 2026 •By Howard SmithStock Market Today, March 3: Plug Power Surges After Revenue Beats EstimatesMar 3, 2026 •By Howard SmithWhy Plug Power Stock Defied the Down Market TodayMar 2, 2026 •By Scott LevineWhy Plug Power Stock Popped in After-Hours TradingFeb 23, 2026 •By Courtney CarlsenPlug Power Stock: Dead, or a Future Clean-Energy Beast in the Making?Feb 21, 2026 •By Scott LevineIs Plug Power (PLUG) Stock a Buy Now?Feb 9, 2026 •By Matt DiLalloWhy I'm Watching Plug Power for a Potential Long-Term Income PivotAbout the AuthorEmma Newberry is a contributing Motley Fool cryptocurrency analyst covering digital currencies and blockchain trends. She previously wrote for Motley Fool Money (formerly The Ascent) on personal finance, investing, retirement readiness, and crypto. Earlier in her career, Emma founded an English-language newspaper in Colombia and contributed to Olympic city bid campaigns. She holds a bachelor’s degree in English literature with creative writing from the University of East Anglia in the UK.TMFemmanewberyStocks MentionedPlug PowerNASDAQ: PLUG$2.47(+10.76%)+$0.24Bloom EnergyNYSE: BE$164.72(+7.65%)+$11.70FuelCell EnergyNASDAQ: FCEL$8.57(+8.07%)+$0.64*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.