Shares of hydrogen fuel-cell company Plug Power (NASDAQ: PLUG) reacted positively to two different items of news this morning. The stock jumped as much as 6% early in Tuesday's trading session. After trimming some of those gains, shares are still trading almost 5% higher as of 11:35 a.m. EDT.
Plug's shares likely got a boost from the earnings release of clean energy technology company FuelCell Energy (NASDAQ: FCEL) . But Plug also announced an expansion into Europe today, with plans to build a new European headquarters in Germany. Plug Power already has a joint venture with French automaker Renault , but this news signals the company will be further growing its presence in Europe.
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Here's Why Plug Power Stock Jumped Today