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Plug Power shares jumped 13.7% on strong earnings, funding, and growth in green hydrogen demand.
Plug Power shares rose 13.7% to $3.90 on Monday, driven by a $3.50 price target from Susquehanna, a $1.66 billion DOE loan guarantee, extended hydrogen tax credits, and a $370 million warrant exercise that raised funds for green hydrogen expansion.
The company’s electrolyzer sales surged 230% year-over-year, now 18% of revenue, as corporate decarbonization and government incentives boost demand.
Despite ongoing losses and past financial struggles, leadership changes and industry tailwinds have improved investor sentiment, with the stock near its 52-week high and above its 50-day moving average.
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Las acciones de Plug Power saltaron un 13,7% debido a fuertes ganancias, financiamiento y crecimiento en la demanda de hidrógeno verde.