Plug Power Inc. ranks second on the list of 10 Best Low Cost Stocks To Buy Under $50. The company secured a $1.66 billion loan guarantee from the U.S. Department of Energy to build green hydrogen plants in Texas. Plug Power aims to produce 500 tons of green hydrogen per day in North America by 2025 and 1,000 tons globally by 2028. The recent U.S. Treasury guidance on hydrogen tax credits has also boosted the company’s position. CEO Andy Marsh sees this as a significant win for both Plug Power and the hydrogen industry, enhancing project feasibility and investor confidence.

Read more at Yahoo Finance: Plug Power Inc. (PLUG) Secures $1.66B DOE Loan for Green Hydrogen Plants