Shares of hydrogen producer and fuel cell maker Plug Power (PLUG 20.34%) soared 22.2% Monday, as of 1:45 p.m. ET. That extended Friday's gain that came after the U.S. Department of the Treasury released final rules for the clean hydrogen production tax credit established by the Inflation Reduction Act (IRA).
Plug Power (PLUG) shares surged for a second straight session after the Treasury Department announced final rules on tax credits for producing clean hydrogen.
The U.S. Treasury has unveiled its final guidance on the 45V Production Tax Credit, setting the stage for a greener hydrogen future.
Since its earliest days, Plug Power (PLUG 12.88%) has been a volatile stock. In some years, the developer of hydrogen fuel cell systems has seen its shares surge several times in value.
The updated 45V guidance relating to the credit for production of clean hydrogen provide further detail and flexibility for qualification using electricity and methane, as well as electricity produced from nuclear power, RBC Capital tells investors in a research note. The firm believes the announcement is an incremental positive for the electrolytic hydrogen industry. RBC has a Sector Perform rating and $2 price target on Plug Power.
On the first day of stock market trading for 2025, Plug Power (PLUG 8.45%) stock is starting out the year right, rising 9.9% as of 10:15 a.m. ET.
Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
From a business standpoint, Plug Power (PLUG -0.41%) has clearly succeeded this year at selling customers on the value of its fuel cells and hydrogen business. Investors, on the other hand, haven't exactly been sold on the value of Plug Power stock.
Plug Power (PLUG 11.30%) is on a mission to deliver sustainable energy with its innovative fuel cells. The company looks to capitalize on the renewable energy market with its hydrogen technology.
Plug Power (PLUG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Plug Power Inc. (NASDAQ:PLUG ) Jefferies Renewables & Clean Energy Conference 2024 December 4, 2024 11:00 AM ET Company Participants Jose Luis Crespo - CRO Conference Call Participants Dushyant Ailani - Jefferies Dushyant Ailani So, thank you everyone for joining us. Our next chat is going to be with Jose Luis from Plug Power.
Plug Power (PLUG 4.91%) stock hasn't had the revival investors may have expected in 2024 as the market has surged. And there may be a good reason for that, given growing challenges on the balance sheet.