BUZZ-Plug Power closes $39 million tax credit sale tied to Louisiana facility; shares rise

Plug Power Inc.

Plug Power Inc.

PLUG

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** Shares of fuel cell maker Plug Power PLUG.O rise ~7% to $4.20

** Company closes sale of federal investment tax credit for ~$39.2 million associated with its facility in Louisiana

** Transaction builds on Plug's January 2025 transfer of a $30 million ITC associated with its Woodbine, Georgia hydrogen facility

** Louisiana plant is part of Plug's U.S. green hydrogen production network buildout

** Including session's moves, shares are up 113.6% YTD


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