Plug Power Inc. closed 61.02% short of its 52-week high of $4.90, which the company achieved on May 14th.

Plug Power stock price has crashed and is hovering near its all-time low as most new energy companies came under intense pressure. PLUG has dropped by over 8% this year and 58% in the last 12 months,

According to Benzinga Pro, PLUG stock has lost over 55% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF HYDR. Also Read: AMD Stock Falls 8% In Wednesday Pre-Market: What’s Going On?

Shares of Plug Power Inc. PLUG slid 5.13% to $1.85 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.19% to 19,692.33 and the Dow Jones Industrial Average DJIA rising 0.71% to 44,873.28.

Charging out of the gate, Plug Power ( PLUG 0.51%) stock has soared nearly 15% to start 2025. It's undeniably a welcome sight, considering the S&P 500 (SNPINDEX: ^GSPC) has inched 2% higher during the same time, and the stock's performance was far less encouraging in 2024.