Plug Power shares are trading higher after the company announced it secured an order for 100 MW of proton exchange membrane electrolyzers. The company said this is the largest announced project in the oil and gas sector in Europe.
Portfolio Pulse from Benzinga Newsdesk
Plug Power has secured an order for 100 MW of proton exchange membrane electrolyzers, marking the largest announced project in the oil and gas sector in Europe. This has led to a rise in the company's share prices.
July 13, 2023 | 2:20 pm
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Plug Power's stock is trading higher following the announcement of a significant order in Europe's oil and gas sector.
The announcement of a large order, especially one that marks the largest in a specific sector, typically leads to increased investor confidence and a rise in the company's stock price. This is reflected in the increase in Plug Power's share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100