Plug Power shares surged 26.7% after U.S. Senate extended hydrogen tax credits

From StockStory: 2025-06-30 15:19:00

Shares of Plug Power (NASDAQ:PLUG) surged 26.7% after the U.S. Senate extended hydrogen tax credits to January 1, 2028, benefiting hydrogen producers like Plug Power. This policy change could make green hydrogen more cost-competitive against fossil fuels, boosting demand and profitability. The stock closed at $1.50, up 28.9% from the previous close.

Plug Power’s volatile shares reacted significantly to this news, with 98 moves greater than 5% in the past year. The company had a major 39.2% gain two months ago on positive financial news and strong early sales for Q1 2025. Despite being down 35.2% for the year, Plug Power’s revenue forecast for Q2 2025 aligns with analyst expectations.



Read more at StockStory: Plug Power (PLUG) Shares Skyrocket, What You Need To Know