Why Plug Power Shares Pushed Higher Today
Shares of alternative energy company Plug Power (NASDAQ: PLUG) popped almost 13% higher to start the trading week. As of 1 p.m. ET, Plug stock was still holding onto a gain of 12.4%.
The pop came after the company announced several new electrolyzer orders that each will take Plug Power into new sectors of the market for hydrogen fuel. The orders could signal the opening of new potential customers for Plug Power. The company plans to fill three new orders for its 5 megawatt (MW) containerized electrolyzer modules for the aluminum, steel, and glass manufacturing industries, respectively, in Europe.
Source Fool.com
