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Business

Vaishali Prayag

What's Going On With Plug Power Shares This Week?

PLUG Plug Power Plug Power Inc Hydrogen

Plug Power Inc.

Plug Power inc. (NASDAQ:PLUG) shares are trading higher Thursday. The U.S. Senate extended a critical hydrogen production tax credit, providing a significant boost to the clean energy sector on Monday.

What To Know: According to Barron's, a revised version of the Senate's budget bill extended the construction start deadline for the Section 45V hydrogen tax credit to Dec. 31 2027. The deadline was previously set for Jan.1 2026 and its extension offers a lifeline to many hydrogen projects that were facing potential cancellation.

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