PLUG Stock: Plug Power Preps to Receive $1.6 Billion in Federal Funding

This week is off to a good start for Plug Power (NASDAQ:PLUG). The hydrogen fuel cell technology company watched shares plunge last week after it announced a new stock offering. As PLUG stock struggled, speculation rose that investors could expect a Plug Power short squeeze. With a new week underway, though, tides appear to be shifting. The company has announced the finalization of a $1.6 billion loan from the U.S. Department of Energy. This coincided with news that Plug Power is opening a new liquid green ...