Plug Power Just Kicked Off Its NASA Contract. Should You Buy PLUG Stock Here?

Yesterday, Plug Power (PLUG) inked its first contract with NASA, which is a key milestone for the hydrogen solutions company. The deal will see Plug Power supply up to 480,000 pounds of liquid hydrogen to NASA's Glenn Research Center in Cleveland and the Neil Armstrong Test Facility in Sandusky, Ohio. 

The contract deal is worth up to $2.8 million, enabling Plug Power to enter the aerospace sector. The agreement validates the company’s ability to meet NASA's strict standards for purity and reliability in mission-critical operations.