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Benzinga

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Henry Khederian

FOUND: Plug power stock surges on potential hydrogen tax credit extension - What They Never Told You

PLUG Plug Power Hydrogen Plug Power Inc

Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Shares of Plug Power Inc (NASDAQ:PLUG) are rallying Monday afternoon following reports that the U.S. Senate has extended a crucial clean energy tax credit. Here’s what investors need to know.

What To Know: According to a Barron’s report, a revised Senate budget bill pushed the construction start deadline for the 45V clean hydrogen production tax credit to December 31, 2027, granting a surprise two-year extension.

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