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Wajeeh Khan

Plug Power Is Surging on New Financing. Should You Buy the Penny Stock Here?

Plug Power PLUG HC Wainwright

Plug Power (PLUG) shares rallied as much as 40% on Monday, April 28 after the green hydrogen and fuel cell technology company reported strong preliminary results for its first quarter. 

PLUG now sees its revenue falling between $130 million and $134 million in the first quarter, which translates to about a 10% increase on a year-over-year basis. 

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