Why Plug Power Stock Charged Higher Today
Plug Power (NASDAQ: PLUG) shares jumped today, and investors see a path for more gains to come. That's not because of any news directly from the hydrogen power company. Rather, it's what investors see as a potentially very lucrative new market for Plug Power.
Shares were 19.9% higher as of 12:40 p.m. ET Monday after reports that the Federal Energy Regulatory Commission (FERC) rejected a request to increase the amount of power from a nuclear plant. That request came from the operators of the Susquehanna nuclear plant to supply energy to an Amazon data center campus.
Source Fool.com
