After bottoming out at around 70 cents, Plug Power (PLUG) rallied to a recent high of $1.53.

While PLUG has become a bit toppy, keep an eye on it. Over the last few days, CFO Paul Middleton bought 350,000 PLUG shares at an average cost of $0.7154 per share for about $250,000. That followed Plug’s first quarter earnings results, which included a bigger-than-expected loss and an 11% year-over-year increase in revenue.

As Seeking Alpha noted, the buy underscores his “belief in the company’s financial strength and growth potential.”

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Exited NVDA May 16, 2025 101 calls for a win of 42%
Exited NVDA May 16, 2025 107 calls for a win of 47% and 68%
Exited MU May 16, 2025 75 calls for a win of 20% and 32%
Exited NVDA May 30, 2025 113 calls for a win of 28% and 46%
Exited MU May 30, 2025 80 calls for a win of 40% and 180%
Exited AAPL May 30, 2025 200 calls for a win of 104% and 118%
Exited half of the AMD June 20, 2025 110 calls for a win of 148% and 46%

Helping, PLUG just expanded its partnership with Allied Green Ammonia with a new two-electrolyzer opportunity tied to a project in Uzbekistan.

“This latest expansion with Allied Green demonstrates how Plug is leading the global hydrogen transition with proven electrolyzer technology and execution at industrial scale,” said Andy Marsh, CEO of Plug. “With a 5 GW partnership now spanning two continents, this is a defining example of our ability to deliver for customers building the future of energy.”

While PLUG won’t make you rich overnight, the recent insider buy is interesting.

Sincerely,

Ian Cooper