Plug Power shares are trading higher after the company announced it expects to generate roughly $6 billion in revenue by 2027. Also, reports indicate the government is getting ready to announce $7 billion in grants for hydrogen projects.
Portfolio Pulse from Benzinga Newsdesk
Plug Power shares are trading higher after the company announced it expects to generate roughly $6 billion in revenue by 2027. Additionally, the government is reportedly preparing to announce $7 billion in grants for hydrogen projects.
October 11, 2023 | 2:41 pm
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Plug Power's stock is trading higher due to the company's optimistic revenue forecast and potential benefit from government grants for hydrogen projects.
The company's optimistic revenue forecast and the upcoming government grants for hydrogen projects, which Plug Power could potentially benefit from, are likely to have a positive impact on the company's stock price in the short term.
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IMPORTANCE 80
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