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Why Plug Power Stock Keeps Going Up


Are investors in Plug Power (NASDAQ: PLUG) stock irrationally exuberant?

Yesterday, shares of the hydrogen fuel cell manufacturer surged to close 26% higher after announcing an expanded strategic collaboration with Australian partner Allied Green Ammonia, whereby the two companies will build a $5.5 billion green chemical production facility in Uzbekistan, and there produce electrolyzer to create hydrogen fuel. Today, Plug Power stock is up another 16% through 10:15 a.m. ET.

Are any other catalysts fueling Plug Power's rise?

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Source Fool.com

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