Plug Power (PLUG) Stock

Vancouver, British Columbia--(Newsfile Corp. - January 6, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce that, further to its press releases dated December 2, 2024, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement"), issuing 2,643,000 units (each, a "Unit") at a price of $0.07 per Unit for gross proceeds of $185,010. Further to the Company's news releases dated December 24, 2024, the Company has raised total gross proceeds of $1,200,194 through the issuance of 17,145,624 Units in the Private Placement.

Shares of hydrogen producer and fuel cell maker Plug Power (PLUG 20.34%) soared 22.2% Monday, as of 1:45 p.m. ET. That extended Friday's gain that came after the U.S. Department of the Treasury released final rules for the clean hydrogen production tax credit established by the Inflation Reduction Act (IRA).

Plug Power (PLUG) shares surged for a second straight session after the Treasury Department announced final rules on tax credits for producing clean hydrogen.

Since its earliest days, Plug Power (PLUG 12.88%) has been a volatile stock. In some years, the developer of hydrogen fuel cell systems has seen its shares surge several times in value.

From a business standpoint, Plug Power (PLUG -0.41%) has clearly succeeded this year at selling customers on the value of its fuel cells and hydrogen business. Investors, on the other hand, haven't exactly been sold on the value of Plug Power stock.

Vancouver, British Columbia--(Newsfile Corp. - December 24, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") is pleased to announce that, further to its press releases dated December 2, 2024, it has closed the first tranche of its non-brokered private placement raising gross proceeds of $1,015,184 through the issuance of 14,502,624 units (each, a "Unit") at a price of $0.07 per Unit (the "Private Placement"). Each Unit is comprised of one common share and one common share purchase warrant (the "Warrant") having an exercise price of $0.10 per share and a term of one year from the date of closing of the Private Placement ("Closing Date").

Plug Power (PLUG 11.30%) is on a mission to deliver sustainable energy with its innovative fuel cells. The company looks to capitalize on the renewable energy market with its hydrogen technology.

Plug Power (PLUG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Plug Power Inc. (NASDAQ:PLUG ) Jefferies Renewables & Clean Energy Conference 2024 December 4, 2024 11:00 AM ET Company Participants Jose Luis Crespo - CRO Conference Call Participants Dushyant Ailani - Jefferies Dushyant Ailani So, thank you everyone for joining us. Our next chat is going to be with Jose Luis from Plug Power.