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Benzinga
Benzinga
Business
Melanie Schaffer

Plug Power Pulls Back, But Here's Why The Stock Looks Set To Surge Higher

Plug Power Inc (NASDAQ:PLUG) was consolidating 4% lower on Tuesday after surging higher on Monday in tandem with a number of other clean energy stocks such as FuelCell Energy Inc (NASDAQ:FCEL) and Sunrun Inc (NASDAQ:RUN).

The worsening humanitarian crisis in Ukraine may force harsher sanctions on Russia’s oil, gas and coal, which in turn may cause nations to hasten the switch to alternative energy in order to become less dependent on the former Soviet country.

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