Plug Power (NASDAQ:PLUG) stock is down about 4% today despite promising news that the fuel cell company will attempt to capitalize on some tax benefits of the Inflation Reduction Act (IRA). Indeed, Plug will attempt to receive tax benefits related to the IRA’s Section 45V Credit for the Production of Clean Hydrogen (PTC) in its upcoming quarterly financial reports.Reasonably so, Plug is poised to be one of the first producers of clean hydrogen in the U.S. that plans to take advantage of this new Biden admin ...

Loading...Loading...Plug Power Inc. PLUG may rally. It's oversold and at support. These dynamics tend to set the stage for a move higher. This is why our team of trading experts have named it our Stock of the Day.“Oversold” means a stock is trading below what would be its usual or typical trading range. The sellers have been emotional and aggressive.Investors and traders will come into the market as buyers because they will be expecting a reversion to the mean, or a move higher. And their buying could push ...

LATHAM, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, which began commercial operation of its electrolytic hydrogen facility in Woodbine, Ga. earlier this year, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports. Plug will be one of the first producers of clean hydrogen ...

LATHAM, N.Y., June 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is pleased to announce that CEO Andy Marsh will participate in the 10th Annual ROTH London Conference held at the Four Seasons Hotel at Park Lane in London UK on June 26, 2024. This industry-leading conference yields hundreds of attendees and is well known for bringing together top executives from innovative growth companies from a variety of sec ...

LATHAM, N.Y., June 25, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has achieved a significant milestone reaching 7.5 gigawatts (GW) in global Basic Engineering and Design Package (BEDP) contracts since introducing the offer two years ago. "The introduction of our BEDP has significantly propelled the growth of our electrolyzer business," said Plug CEO Andy Marsh. "This milestone not only highlights the increasing ...

Plug Power (NASDAQ:PLUG) is in the red today even after the fuel cell company announced a new order for 25-megawatt (MW) electrolyzer systems for a customer in Europe. Indeed, as part of the deal, Plug will employ five of its in-house 5 MW electrolyzer systems, designed to enhance the company’s use of green energy.“The selection of Plug’s technology for this project serves as a clear example of our established industry expertise and proven technology,” said Plug Chief Executive Andy Marsh.“Industry experts ...

Plug Power, Inc. (PLUG) recently clinched a deal for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from a customer in Europe. PLUG will leverage its solid expertise in the green hydrogen industry to offer its advanced PEM electrolyzer technology for carbon reduction targets.Plug Power’s electrolyzers utilize PEM stack technology in a modular design, which offers a small footprint with potential for capacity expansion. The electrolyzer’s hydrogen output is capable of adjusting inst ...

LATHAM, N.Y., June 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems for a customer in Europe. The project will employ five of Plug's 5 MW containerized PEM electrolyzers, to reduce the carbon footprint of the company by using green hydrogen. "The selection of Plug's technology for this project serves as a clear example of ...

LATHAM, N.Y., June 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems for a customer in Europe. The project will employ five of Plug’s 5 MW containerized PEM electrolyzers, to reduce the carbon footprint of the company by using green hydrogen. "The selection of Plug's technology for this project serves as a clear example o ...

If you’re interested in the clean-energy movement, investing in Plug Power (NASDAQ:PLUG) might seem like a no-brainer. The company has significant government financial backing. Don’t consider investing in Plug Power stock until you have all the relevant information. Just remember, this is a contentious election year and clean-energy firms like Plug Power are caught in the middle of heated debate. Without the government’s help, Plug Power’s financials will be problematic and the shareholders may be left high ...