Plug Power Snags $1.7 Billion DOE Loan Guarantee For Hydrogen Plants
The funding comes as the Biden Administration winds down its clean energy push before Trump 2.0 and follows a new clean hydrogen credit that’s likely to aid Plug and its competitors.
Plug Power Stock Heads For Worst Week In 4 Months, But Retail's Charged Up As DoE Closes $1.7B Loan
Shares of hydrogen fuel cell maker Plug Power Inc. slid over 7% on Friday morning, marking a three-week low and heading for their worst week since early September. Despite this decline, retail sentiment remained optimistic,
Rivian and Plug Power close government loan deals just before Trump takes office
Just in time, clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have closed loan agreements with the Biden administration that will fund the construction of manufacturing plants in the United States.
Plug Power secures $1.6 billion loan deal with federal government
Slingerlands-based hydrogen company Plug Power has finalized a highly anticipated $1.66 billion loan guarantee from the U.S. Department of Energy's Loan Programs Office, the company announced Thursday.
US Finalizing Billions for Rivian, Plug Power Before Trump Retakes Office
The Biden administration finalized billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. just days before President-elect Donald Trump returns to the White House.
Plug Power announces closing of $1.66B Energy Department loan
Plug Power (PLUG) last night said it closed a $1.66B loan guarantee from the U.S. Department of Energy’s Loan Programs Office. “Finalizing this
Plug Power Secures $1.66B Government Loan for Hydrogen Production
Plug Power closed a $1.66 billion loan guarantee from the Energy Department, the company said Thursday. The hydrogen energy company expects to use the loan to construct six hydrogen production projects in the U.
Plug Power Wins Government Loan. CEO Is Confident About Trump Era.
The news comes just days before President Donald Trump takes office with plans to reduce support for clean energy companies.
US DOE grants $1.66bn to Plug Power to develop hydrogen facilities
The US Department of Energy (DOE) has announced a $1.66bn loan guarantee to Plug Power's subsidiary, Plug Power Energy Loan Borrower, to construct up to six clean hydrogen facilities. The initiative aligns with the Biden-Harris administration's strategy to bolster a clean energy economy and is part of the Investing in America agenda,
H.C. Wainwright bullish on Plug Power shares citing $1.66B DoE loan closure
H.C. Wainwright analyst Amit Dayal maintained a Buy rating and a price target of $5.00 on Plug Power (NASDAQ:PLUG) shares. The endorsement follows Plug Power's recent announcement on January 16, 2025,
Why Plug Power Stock Just Dropped an Unlucky 7%
After running up big earlier in the week on rumors the U.S. Department of Energy would approve a $1.7 billion loan to promote ...
Plug Power's 'Longer-Term Backstop' Is Here, But Execution Is Key: Analyst
Plug Power secures $1.66B DOE loan, easing investor concerns. Challenges remain for execution and profitability. Expansion ...
Why Plug Power Stock Popped 10% Tuesday Morning
Plug Power (NASDAQ: PLUG) stock rocketed more than 10% in early trading Tuesday, hitting $3 per share before giving back most ...
Plug Power's "Monumental" News: How Investors Can Profit in the Hydrogen Future
A massive deal that's still many years away is risky. We have two proven winners in hydrogen that investors should consider first.
Plug Power Positioned for Growth: Buy Rating Affirmed Amid Strong Demand and Strategic Expansion
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power (PLUG – Research Report) today and set a price target of $5.00.Stay ...
Why Plug Power (PLUG) Stock Is Rallying Today
Plug Power (PLUG) stock is climbing 8% in early trading. The company sells hydrogen and equipment used to make the fuel. PLUG ...
Every Plug Power Investor Should Keep an Eye on This Number
Plug Power primarily designs and manufactures equipment that allows businesses and consumers to use hydrogen fuel, a ...
Plug Power Inc. stock underperforms Thursday when compared to competitors despite daily gains
This was the stock's second consecutive day of gains.