What's Going On With Plug Power Shares
Portfolio Pulse from Henry Khederian
Plug Power Inc (NASDAQ:PLUG) shares are trading higher by 9.49% to $10.04 during Monday's session, rebounding after weakness on Friday due to General Motors' partnership with Tesla on charging networks. Plug Power's hydrogen-powered engines offer extended range capabilities and greater payload capacity compared to alternative electric vehicle power solutions.
June 12, 2023 | 3:29 pm
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Plug Power shares are up 9.49% as the company's hydrogen-powered engines offer extended range capabilities and greater payload capacity compared to alternative electric vehicle power solutions.
The recent announcement of GM's partnership with Tesla on charging networks led to a temporary weakness in Plug Power's stock. However, the company's hydrogen-powered engines offer extended range capabilities and greater payload capacity compared to alternative electric vehicle power solutions, which could be driving the rebound in the stock price. This news is highly relevant and important for investors in Plug Power, as it highlights the company's competitive advantage in the EV market.
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