Plug Power Stock Edges Higher Friday: What's Driving the Move? Plug Power Stock Edges Higher Friday: What

Plug Power Inc. (NASDAQ:PLUG) shares are trading higher on Friday as traders lean into gross margin breakeven progress and improving business mix.

Plug Power stock is moving in positive territory. Why are PLUG shares climbing?

What Is Driving Plug Power’s Stock Today?

BTIG said the company’s overall gross margins are nearing breakeven, helped by strong Material Handling demand for fuel cells and ongoing cost cuts, while the firm’s analyst maintained a Neutral rating.

The note also flagged liquidity actions including the sale of the Graham, Texas project for about $77 million (with up to $27 million tied to final interconnection timing), plus about $44 million of investment tax credits sold from the Louisiana hydrogen plant.