Plug Power sees Inflation Reduction Act creating a ‘boom’ in its green hydrogen business, and stock soars
August 10, 2022 at 15:10 PM EDT
Shares of Plug Power Inc. pulled a U-turn to trade sharply higher Wednesday, as investors and analysts appeared to embrace the hydrogen and fuel cell company's glowing praise of the Inflation Reduction Act (IRA), over the company's disappointing second-quarter results.