Plug Power Soars 12.93% as Billionaire Laffont Boosts Stake

On June 30, 2025, Plug Power's stock surged by 12.93% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Billionaire Philippe Laffont of Coatue Management has been actively increasing his stake in Plug Power, a hydrogen fuel-cell company. Laffont's investment strategy, which focuses on momentum stocks, has led him to significantly boost his holdings in Plug Power during the March-ended quarter. This move underscores the growing interest and confidence in the company's potential within the investment community.

Laffont's decision to invest heavily in Plug Power reflects a broader trend of institutional investors recognizing the value and growth prospects of hydrogen fuel-cell technology. As the demand for clean energy solutions continues to rise, companies like Plug Power are poised to benefit from this shift towards sustainable energy sources. Laffont's investment strategy, which has historically yielded strong returns, adds credibility to Plug Power's potential for future growth.