On July 30, Plug Power rose 8.68% in regular trading, trading at $2.08/share, with turnover of approximately $30.07 million. The rally was driven by the company's previously announced two-transaction deal with Stream Data Centers aimed at improving overall liquidity by more than $275 million.

Specifically, the transactions include the sale of Plug Power's Graham, Texas project and a staged closing of the New York Gateway project in New York with Stream. As part of the initiative, the company expects approximately $80 million in near-term liquidity injection. The non-land asset sale closing deadline has been extended to March 31, 2027, providing additional time for regulatory and financial procedures. Both parties are also actively exploring deployment of hydrogen fuel cell solutions into the data center sector, expanding clean energy commercialization opportunities.

Additionally, the company's Q1 results provided fundamental support, with revenue of $163.5 million representing 22% year-over-year growth, while adjusted EPS loss narrowed to $(0.08), beating consensus estimates of $(0.09)-$(0.11). UBS raised its price target to $4 from $1.75, and B. Riley raised its target to $5 from $3, reflecting improving analyst sentiment.

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