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Wajeeh Khan

Plug Power May Be Getting a Senate Lifeline. How Should You Play PLUG Stock Here?

PLUG Plug Power Hydrogen

Investors are running into Plug Power (PLUG) stock on Monday after the U.S. Senate extended tax benefits to the hydrogen industry in its latest rewrite of President Donald Trump’s tax-and-spending bill through the end of 2027.  

An earlier version of the bill proposed to keep the tax relief in place through the end of this year only. PLUG currently has three hydrogen factories in the U.S. – one in Georgia, one in Louisiana, and another in Tennessee. 

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