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Why Plug Power Stock Rose Again Tuesday

TheMotleyFool

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Shares of hydrogen fuel cell maker Plug Power (NASDAQ: PLUG) continued a recent surge today with shares trading near the morning's highs for gains of about 2.6% as of 10:30 a.m. EDT. The company's stock has rallied nearly 10% since late last week.

Investors are watching how the House of Representatives moves toward a vote on the bipartisan infrastructure bill that was already passed in the Senate. Plug Power has several green hydrogen production projects underway in the U.S., and passage of the bill could give the company a boost from additional federal support for alternative energy development.

Plug Power tankers at a hydrogen plant. Image source: Plug Power.

Source Fool.com

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