BUZZ-Plug Power rises after deal to supply electrolyzers to refinery in Spain
Reuters · 1d ago
Share
Listen to the news
** Shares of hydrogen fuel cell maker Plug Power PLUG.O rise 1.2% to $2.12 in extended trade
** Company secures order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from BP and Iberdrola's joint venture Castellón Green Hydrogen refinery in Spain
** PEM expected to avoid 23,000 tons of CO2 emissions per year
** Company says project will be developed in phases, with the potential expansion of up to 2 gigawatts of electrolysis capacity
** Up till last close, stock down 53.3% YTD
(Reporting by Seher Dareen in Bengaluru)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved