## Plug Power's Growth Engine: Electrolyzer Expansion Across Key Markets
**The Numbers Behind PLUG's Surge**
Plug Power Inc. [PLUG](/market-activity/stocks/plug) has witnessed significant appreciation, with shares climbing 89.5% over the past half-year, substantially outpacing the broader industry's 24.6% performance. Currently trading at a negative forward P/E ratio of 5.94X versus the sector average of 24.70X, the company carries a Zacks Rank #3 (Hold) rating. This valuation gap reflects investor sentiment around near-term profitability challenges, though the underlying business momentum tel
**The Numbers Behind PLUG's Surge**
Plug Power Inc. [PLUG](/market-activity/stocks/plug) has witnessed significant appreciation, with shares climbing 89.5% over the past half-year, substantially outpacing the broader industry's 24.6% performance. Currently trading at a negative forward P/E ratio of 5.94X versus the sector average of 24.70X, the company carries a Zacks Rank #3 (Hold) rating. This valuation gap reflects investor sentiment around near-term profitability challenges, though the underlying business momentum tel