![]() ![]() Shares of Plug Power rose 9% to close at $30 in Nasdaq trading on Thursday. It vests in full after Amazon spends $2.1 billion on Plug products over the seven-year term of the deal. Although that’s only a small piece of its business. It has more than 20,000 superchargers around the globe. (NYSE: TPGY) EVgo (Nasdaq: EVGO) Tesla gives good exposure to investing in EV charging. It believes “scaling the supply and demand for green hydrogen, such as through this agreement with Plug Power, will play a key role in helping us achieve our goals,” Kara Hurst, Amazon’s vice president of sustainability at Amazon, said in a statement.Īs part of the deal, Plug granted Amazon a warrant to acquire up to 16 million shares, with an exercise price of $22.98 for the first 9 million. Blink Charging (Nasdaq: BLNK) ChargePoint (NYSE: CHPT) TPG Pace Beneficial Financial Corp. By 2028, it hopes to produce 1,000 tons of hydrogen per day.Īmazon said the deal is part of efforts to achieve net-zero carbon emissions across all its operations by 2040. PLUG - Free Report) closed at 12.39 in the latest trading session, marking a -1.82 move from the prior day. If its market price is 55, you will own 20 shares of PLUG stock. One can easily invest in Plug Power Inc shares from India by: Direct Investment - Opening an international trading account with Groww which includes KYC. Plug has said it will be able to make 500 tons of green hydrogen per day at facilities in North America by 2025, up from a goal of 70 tons per day by the end of this year. Learn how to buy PLUG stock today and leverage its positive outlook. The high in the last 52 weeks of Plug Power stock was 31.54. The company aims to expand its hydrogen fuel supply business and is adding production capacity to do that. Investors are optimistic as the company has. ![]() ![]() Plug, which will benefit from that credit, has sold Amazon fuel cells for its warehouse forklifts since 2016, and estimates it’s provided more than 15,000 units to date. Plug Power (PLUG) stock price is down almost 38 year-to-date. A Plug Power electrolyzer unit for producing carbon-free hydrogen. The latter's willingness to invest arose out of the fact that the 5 stock was preferred, was protected by sinking fund requirements, and would be redeemed. ![]()
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