Key Points
The “Big, Beautiful Bill” extends hydrogen industry tax credits through 2028, boosting Plug Power and other hydrogen stocks.
Plug Power continues to struggle with stagnant sales and significant cash burn.
Shares of Plug Power (NASDAQ: PLUG) soared this week, up 27.6% as of market close on Thursday. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 were up 1.7% and 1.5%, respectively.
Earlier this week, Trump’s major budget bill was amended to extend tax incentives for hydrogen power, providing critical relief to Plug Power and other hydrogen stocks. That said, Plug Power is in a tough financial position.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »
The “Big, Beautiful Bill” is amended
President Trump’s “Big, Beautiful Bill,” which passed the Senate earlier this week and is likely to soon clear the House, was amended to extend critical tax incentives for the hydrogen industry for two more years. The latest version provides tax relief for hydrogen operators through January 2028, rather than the 2026 end date in previous versions of the bill. This significant change sent Plug Power and hydrogen stocks across the board higher.
Image source: Getty Images.
Plug Power is not in a great position
Investors interested in the company should know that Plug is struggling financially. The company’s sales have stagnated and even declined for some time — with the notable exception of last quarter — and it is operating at a loss. Its cash burn is not sustainable.
For investors with a high risk tolerance, Plug could be a speculative turnaround play, but I would caution most investors to stay away. Even if the bill passes and the tax credits are extended, Plug is in a very rocky situation.
Should you invest $1,000 in Plug Power right now?
Before you buy stock in Plug Power, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Plug Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $692,914!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $963,866!*
Now, it’s worth noting Stock Advisor’s total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of June 30, 2025
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
