Plug Power’s NASA Contract Fails to Ignite Investor Confidence

While Plug Power has secured a landmark supply agreement with NASA, its shares continue to struggle under the weight of persistent financial losses. The hydrogen technology firm’s stock, down more than 30% in the past month alone, shows little sign of recovery despite this significant operational milestone.

The company’s new contract represents a major validation of its technical capabilities. Plug Power is set to supply up to 218,000 kilograms of liquid hydrogen to two NASA facilities. Meeting the space agency’s stringent requirements for reliability and purity in mission-critical operations serves as a notable industry endorsement. This deal potentially marks a strategic pivot toward specialized, high-value markets like aerospace, Read more...