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Why Plug Power Stock Popped Today

Plug Power (NASDAQ: PLUG) shares popped on Wednesday, rising 1.8% as of 1:25 p.m. ET on Nov. 24. Plug Power is clearly on a roll as far as investments into growth are concerned, and that has investors in the renewable energy stock excited. On Nov. 24, Plug Power announced an order for a 100-megawatt (MW) electrolyzer from Abu Dhabi-headquartered chemicals giant Fertiglobe to produce green hydrogen as feedstock for an ammonia production plant in Egypt.

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