2023-05-22 13:29:33 ET
Shares of alternative energy company Plug Power (NASDAQ: PLUG) popped almost 13% higher to start the trading week. As of 1 p.m. ET, Plug stock was still holding onto a gain of 12.4%.
The pop came after the company announced several new electrolyzer orders that each will take Plug Power into new sectors of the market for hydrogen fuel . The orders could signal the opening of new potential customers for Plug Power. The company plans to fill three new orders for its 5 megawatt (MW) containerized electrolyzer modules for the aluminum, steel, and glass manufacturing industries, respectively, in Europe.
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Why Plug Power Shares Pushed Higher Today