Why Plug Power Stock Perked Back Up Today

Rich Smith, The Motley Fool
·2 min read
Why Plug Power Stock Perked Back Up Today

Hydrogen fuel cell stock Plug Power (NASDAQ: PLUG) jumped nearly 5% in early afternoon trading on the Nasdaq Stock Market Thursday, and is still holding onto more than half those gains as the trading day winds down -- up 2.8% as of 2:10 p.m. EDT. You can thank the U.S. government for that. This morning, Plug Power announced that the U.S. Department of Energy has "invited" it to submit a Part II Application for a loan guarantee under DOE's Title XVII Loan Guarantee Program.