BUZZ-Plug Power rises on agreement with Allied Green Ammonia
ReutersJan 15, 2025 1:12 PM
Shares of hydrogen fuel cell maker Plug Power PLUG.O rise 3.4% to $2.75 premarket
Company signs deal to supply 3 gigawatts (GW) of electrolyzer capacity to Allied Green Ammonia's green hydrogen-to-ammonia plant, currently under development in Australia
Upon a positive final investment decision expected by Q2 2025, company will begin the manufacturing and delivery of electrolyzers starting in Q1 2027
Stock was down 30% in 2024
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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