Why Plug Power Stock Jumped Again Today

Why Plug Power Stock Jumped Again Today

Shares of hydrogen fuel cell maker Plug Power (NASDAQ: PLUG) have been on a tear in 2021. Today's move may be from a more general sector announcement from the U.S. Department of Energy (DOE). Last Friday, the DOE announced it was allocating $160 million in federal funding "aimed to develop technologies for the production, transport, storage, and utilization of fossil-based hydrogen."