Why Plug Power Stock Popped on Thursday [Yahoo! Finance]
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
ir.plugpower.com/home/default.aspx
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Source: Yahoo! Finance
The U.S. Treasury Department is gearing up to give new guidance on tax credits for hydrogen production under the 2022 Inflation Reduction Act (IRA), as Reuters reports. The rules are expected out later this week, and will explain how hydrogen producers like Plug Power (the company not only produces hydrogen fuel cells , but also hydrogen to fuel them) can offset their costs when using nuclear power to produce hydrogen gas. Why this is important for Plug Power Current IRA rules focus on granting hydrogen producers tax credits when they use new renewable energy sources (such as wind and solar power) to power electrolysis systems that split off hydrogen atoms from water to produce "green hydrogen" for fuel. The new rules will govern whether companies can claim credits for using nuclear power from existing plants to accomplish the same purpose -- and how much those credits will be worth. Draft guidance suggests companies like Plug might receive credits of anywhere from $0.60 to $3
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News
- Plug Power and Bloom Energy Stocks Jump on New Hydrogen Rules [Yahoo! Finance]Yahoo! Finance
- Plug Power (PLUG) Shares Skyrocket, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Is Plug Power (PLUG) Among the Best Long-Term Penny Stocks to Buy According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
- Biden Loosens Rules for Hydrogen Subsidies Worth Billions [Yahoo! Finance]Yahoo! Finance
- Is Plug Power Inc. (PLUG) the Best Hydrogen and Fuel Cell Stock to Buy for 2025? [Yahoo! Finance]Yahoo! Finance
PLUG
Earnings
- 11/12/24 - Miss
PLUG
Sec Filings
- 11/26/24 - Form 8-K
- 11/25/24 - Form 4
- 11/25/24 - Form 8-K
- PLUG's page on the SEC website