Plug Power shares are trading lower after a Senate Republican requested an investigation into the DOE's recent conditional commitment to provide the company with a $1.66 billion loan guarantee.
Portfolio Pulse from Benzinga Newsdesk
Plug Power shares are trading lower following a Senate Republican's request for an investigation into the Department of Energy's recent conditional commitment to provide the company with a $1.66 billion loan guarantee.
June 05, 2024 | 3:29 pm
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Plug Power shares are experiencing a decline after a Senate Republican requested an investigation into the Department of Energy's conditional commitment to provide the company with a $1.66 billion loan guarantee.
The request for an investigation introduces uncertainty regarding the $1.66 billion loan guarantee from the DOE, which is likely causing investor concern and leading to a decline in Plug Power's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100