BUZZ-Plug Power rises on agreement with Allied Green Ammonia
ReutersJan 15, 2025 3:23 PM
Updates
** Shares of hydrogen fuel cell maker Plug Power PLUG.O rise 5.8% to $2.81
** 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))
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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