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Why Plug Power Stock Is Surging Today

TheMotleyFool

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After Monday's bloodbath, shares of hydrogen fuel-cell specialist Plug Power (NASDAQ: PLUG) are on the rebound today, jumping 4.3% as of 12:05 p.m. ET. The broader market is up today, as well, but there are other reasons Plug Power stock is rising today, including a scoop that reveals part of Plug Power's growth plans.

Plug Power shares sank yesterday alongside the market as fears of rising COVID-19 omicron variant cases gripped the market. To add salt to the wounds, President Joe Biden's Build Back Better Act, which earmarks $555 billion for renewable energy incentives, hit an unexpected hurdle when Sen. Joe Manchin rejected the bill this past weekend.

Image source: Getty Images.

Source Fool.com

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