Plug Power sees Inflation Reduction Act creating a ‘boom’ in its green hydrogen business, and stock soars

Plug Power sees Inflation Reduction Act creating a ‘boom’ in its green hydrogen business, and stock soars
·3 min read

Shares of Plug Power Inc. pulled a U-turn to trade sharply higher Wednesday, as investors and analysts appeared to embrace the hydrogen and fuel cell company's glowing praise of the Inflation Reduction Act (IRA), over the company's disappointing second-quarter results.