Plug Power Inc (NASDAQ:PLUG) stock is trading higher Thursday afternoon as investors position ahead of a Q&A with longtime CEO Andy Marsh.

The Reddit Inc (NYSE:RDDT) "Ask Me Anything" is set for Thursday from 2:00–3:00 p.m. ET on the r/plugpowerstock forum and will focus on a Jan. 29 special shareholder meeting that could reshape the hydrogen specialist's capital structure. Here’s what investors need to know.

• Plug Power shares are powering higher. What’s behind PLUG gains?

Plug Power's Evolution In The Hydrogen Economy

Founded in the late 1990s, Plug Power has evolved from a niche fuel-cell maker into a vertically integrated green-hydrogen platform, offering electrolyzers, liquid hydrogen, fuel-cell systems, storage and fueling infrastructure.

The company has deployed over 72,000 fuel-cell systems and 285 fueling stations, operates hydrogen plants in Georgia, Tennessee and Louisiana capable of producing 40 tons per day, and counts Walmart, Amazon, Home Depot, BMW and BP among its customers.

Marsh, CEO since 2008, is slated to become executive chairman in March 2026, when Jose Luis Crespo takes over as chief executive.

Why Thursday’s AMA Matters For PLUG Investors

The special meeting asks shareholders to modernize voting standards to align with Delaware law and to increase authorized common shares after a similar proposal won about 84% of votes cast at the 2025 annual meeting but failed under stricter outstanding-share rules.

Approval would give Plug flexibility to raise equity, refinance obligations and fund growth projects. Rejection would likely force a reverse stock split, with potential liquidity and volatility risks.

For investors, today's AMA is a real-time read-through on sentiment around dilution vs. reverse split, funding runway for Plug's hydrogen build-out and confidence in the upcoming leadership transition.

Bullish Momentum For PLUG Stock

The stock is currently trading 12.4% above its 20-day simple moving average (SMA) and 3.2% above its 100-day SMA, indicating short-term strength. Shares have increased approximately 21.92% over the past 12 months and are currently positioned closer to their 52-week lows than highs, suggesting potential challenges ahead.

The RSI is at 48.82, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum.

• Key Resistance: $2.50

The Earnings Report That Could Shift Sentiment

Investors are looking ahead to the next earnings report on Mar. 2.

• EPS Estimate: Loss of 11 cents (Up from $-1.65 YoY)
• Revenue Estimate: $218.10 million (Up from $191.47 million YoY)

Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $2.38. Recent analyst moves include:

• TD Cowen: Downgraded to Hold (Lowers Target to $2.00) (Jan. 9)
• Clear Street: Upgraded to Buy (Lowers Target to $3.00) (Dec. 31, 2025)
• Canaccord Genuity: Hold (Maintains Target to $2.50) (Nov. 20, 2025)

PLUG Stock Soars Thursday

PLUG Price Action: Plug Power shares were up 15.77% at $2.56 at the time of publication on Thursday, according to Benzinga Pro data.

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