Why Plug Power Stock Popped Today
Plug Power (NASDAQ: PLUG) shares were powering higher on Thursday morning. Shares jumped as much as 11.3% before paring some of those gains. As of 11:47 a.m. ET, Plug stock was up by 8.4% for the day.
The stock had already been marching higher over the past several months, but a pair of news releases over the last several days has continued to give the stock its recent momentum. Today, Plug announced a large new order for its hydrogen electrolyzers to be used for an oil refining project in Europe.
Earlier this week the company separately announced it would be supplying electrolyzers for a green hydrogen project in Australia.
Source Fool.com
