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Benzinga
Benzinga
Business
Henry Khederian

YOU WONT BELIEVE: Plug power stock rebounds shaking off last week s dilution concerns - You Need To See This

PLUG Plug Power Plug Power Inc Benzinga Edge Hydrogen
Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Shares of Plug Power Inc (NASDAQ:PLUG) are trading higher Monday morning, pushing upward as the stock trends across social media. Monday’s move higher suggests a potential shift in investor sentiment following a volatile week that saw positive operational news get overshadowed by financing concerns.

What To Know: Last week, the stock initially surged on dual catalysts. First, Plug announced a renewed and expanded hydrogen supply agreement with a key industrial partner, securing lower-cost liquid hydrogen through 2030. CEO Andy Marsh praised the deal as a "win for… our margin profile."

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