Plug Power Stock Is Surging: What's Going On?
Portfolio Pulse from Adam Eckert
Plug Power Inc (NASDAQ:PLUG) shares surged after announcing an agreement to supply STEF subsidiary Blue EnerFreeze with a green hydrogen ecosystem across two distribution centers, and a deal to deliver containerized proton exchange membrane electrolyzer systems to Avina Clean Hydrogen for a green hydrogen production facility in California.
June 14, 2023 | 12:49 pm
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Plug Power shares surged after announcing deals with Blue EnerFreeze and Avina Clean Hydrogen, expanding its green hydrogen ecosystem and electrolyzer systems.
The deals with Blue EnerFreeze and Avina Clean Hydrogen demonstrate Plug Power's expansion in the green hydrogen market, which is likely to boost investor confidence and drive the stock price up in the short term.
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