- CFO Paul Middleton has purchased an additional 650,000 shares of Plug Power (PLUG, Financial) stock, reinforcing his confidence in the company's future.
- The shares were acquired at an average price of $1.0339 per share, amounting to a $672,035 investment.
- Plug Power reports progress in hydrogen production and increasing demand for GenDrive fuel cells in various markets.
Plug Power Inc. (PLUG), a leader in hydrogen solutions, announced that CFO Paul Middleton has purchased 650,000 additional shares in the company. The purchase, completed on June 9, 2025, was made at an average price of $1.0339 each, marking a significant investment of approximately $672,035.
This transaction follows a previous purchase earlier in the month, emphasizing Middleton's strong belief in Plug Power's long-term strategy and leadership position within the hydrogen ecosystem. His investment decision reflects confidence in the company's operational progress and its role in the energy transition.
The company has reported advancements in its operational strategy, which includes ramping up hydrogen production plants, commercializing GenEco electrolyzers, and meeting the growing demand for GenDrive fuel cell solutions in material handling and industrial sectors.
The stock transaction was officially reported to the SEC through a Form 4 filing on June 9, 2025, further underscoring the company's transparent communication with its stakeholders.
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