Shares of Plug Power (NASDAQ:PLUG) jumped over 16% during afternoon trading on Tuesday after the company announced that Paul Middleton, chief financial officer (CFO), has purchased an additional 650,000 shares of Plug’s common stock on the open market.
On June 9, 2025, Middleton acquired 650,000 shares at an average price of $1.0339 per share.
“This additional investment reflects my strong conviction in Plug’s strategy and long-term value creation. As we execute and gain market traction, I continue to see meaningful upside and believe Plug remains one of the most compelling growth opportunities in the energy sector,” said Middleton.
PLUG shares declined over 50% so far this year, underperforming the broader S&P500 Index, which gained about 2% during the same period.
