Plug Power Sees Boost from New Tax Credit: Why Clean Energy Shares Are Rising
Clean Energy Breakthrough: Plug Power’s Tax Credit Windfall to Drive Profitability
According to Seekingalpha, Plug Power, a company that makes clean energy, is getting a big benefit from a new tax credit. The credit helps companies that make clean hydrogen, which is a clean-burning fuel. Plug Power’s shares went up 3.6% on Friday because of this news.
The tax credit will help Plug Power save money on fuel costs. This will help the company make more money and become profitable. With this extra help, Plug Power expects to start making money from its fuel by the end of the year.
Plug Power’s Georgia Facility: A Key Driver of Future Success
The company’s new facility in Georgia is the largest in the country to make liquid hydrogen and electrolyze it. This facility will be a big part of Plug Power’s success in the future. The tax credit will help the company keep growing and making a profit.
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