Plug Power signed a $2.8 million contract with NASA to supply liquid hydrogen, marking its entry into the aerospace sector. The deal highlights Plug Power’s ability to meet NASA’s standards, with potential for a long-term partnership due to NASA’s high hydrogen consumption. The company aims to expand its presence in the hydrogen economy, with a market cap at $2.64 billion. Plug Power reported strong revenue growth in the third quarter, with a focus on electrolyzer programs in Europe, Australia, and North America. Additionally, the company monetized electricity rights in New York, secured a global hydrogen supply agreement, and suspended activities under its Department of Energy loan program to focus on high-return opportunities. Analysts project revenue growth to $1.7 billion in 2029, with a potential stock price increase and mixed recommendations from analysts.

Read more at Yahoo Finance: Plug Power Just Kicked Off Its NASA Contract. Should You Buy PLUG Stock Here?