Plug Power Surges 14% on Green Hydrogen Partnership Traded at $740M Ranks 150th in Volume

On October 13, 2025, Plug Power (PLUG) surged 14.04% with a trading volume of $0.74 billion, ranking 150th among stocks by volume. The sharp rally followed a strategic partnership announcement with a major European energy firm to co-develop green hydrogen infrastructure, signaling expanded market access and long-term demand potential. Analysts noted the deal’s emphasis on cost-sharing and technology integration could reduce operational risks for Plug, enhancing investor confidence in its growth trajectory.

Short-term momentum was further reinforced by a bullish technical setup, with the stock breaking above a key resistance level after weeks of consolidation. However, observers cautioned that the rapid price increase might outpace near-term revenue visibility, particularly as Plug continues to scale production amid volatile raw material costs. The absence of near-term earnings guidance or material project updates beyond the partnership left some investors hesitant about sustaining the rally.

Backtest analysis of the "RSI Oversold 1-Day Hold" strategy applied to NVIDIA from 2022-01-01 to 2025-10-13 revealed limited efficacy, with the approach generating a modest negative total return and a negative Sharpe ratio over the period. The strategy involved entering positions when daily RSI14 fell below 30 and exiting after one trading day, yet it failed to demonstrate a consistent edge in the test window. Detailed metrics and trade-level performance remain accessible through the interactive module provided.