Plug Power Takes Off: Unexpected tax Extension Causes the Stock to Soar

With a substantial price jump of over 26%, Plug Power soared to a three-month high on Monday. The trigger was an unexpected turn in the U.S. Senate: In a revised version of the major tax and spending package, the term of the "45V" tax credits for clean hydrogen was extended by two years – until the end of 2027. Originally, an expiration was planned for January 1, 2026. This decision comes as a lifeline for Plug Power, which heavily relies on green hydrogen – and the market reacted enthusiastically. Hydrogen industry breathes a sigh of relief...