From Yahoo Finance: 2025-05-15 18:49:00

A federal agency is conducting reviews targeting the green energy sector, which collectively received billions in federal grants during the Biden administration. Leading hydrogen fuel cell developer Plug Power saw its stock price drop almost 11% after news of the federal review. The Department of Energy announced a review of more than $15 billion in financial assistance spread among 179 grants for energy projects, including Plug Power’s work with batteries. Trump has criticized green energy solutions and claimed that grants were rushed through by the outgoing Biden administration. The initiative puts Plug Power and its peers on the defensive and diverts resources from their core competencies. Investors should monitor how this situation unfolds.

Read more: Why Plug Power Stock Plummeted by 11% Today