Plug Power Surges 5% on Hydrogen Hype Resurgence Despite 34.69% Volume Drop and 407th Liquidity Rank

On September 18, 2025, , ranking 407th in market liquidity. The stock’s performance was driven by renewed investor interest in hydrogen infrastructure projects following recent regulatory updates and supply chain announcements.

Analysts noted that PLUG’s price action aligned with broader market sentiment toward alternative energy sectors, particularly as policymakers emphasized decarbonization targets. Short-term showed a breakout above key resistance levels, though volume contraction raised questions about the sustainability of momentum.

For the back-test parameters: A universe of U.S.-listed stocks (NYSE + NASDAQ + AMEX) is proposed, with trades executed at same-day closing prices. Equal-weight position sizing will be applied unless otherwise specified. Transaction costs and slippage will be excluded unless instructed. The strategy will be evaluated from January 1, 2022, through the latest available data.