PLUG - Plug Power Down 6% Wednesday: What's Going On? | Benzinga
A government watchdog has been called upon by a leading Senate Republican, John Barrasso, to examine the recent $1.66 billion financing extended to Plug Power, Inc. (NASDAQ:PLUG), citing concerns about potential conflicts of interest and risks to U.S. taxpayers.
“Given the significant financial implications and the need to maintain public trust, a thorough investigation into the LPO’s conditional commitment to Plug Power is essential to ensure transparency and accountability within the LPO,” Barrasso wrote in the letter to Energy Department Inspector General Teri Donaldson made public Wednesday.
Check This Out: Plug Power +64% After Securing $1.66B Loan Guarantee From Biden Administration
Last month, Plug Power received a conditional commitment from the Biden administration for $1.66 billion in loan guarantees to construct up to six facilities.
“Earlier this year, ...