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**Plug Power Stock Soars After $1.66B Government Loan Guarantee**

**Latham, NY –** Plug Power (NASDAQ: PLUG) shares surged 13.3% in morning trading today following the announcement of a $1.66 billion loan guarantee from the U.S. Department of Energy. The loan will support the construction of up to six new hydrogen production plants across the country. The news fueled an already impressive eight-day rally for the clean energy company.

In addition to the DOE loan, Plug Power has benefited from broader market tailwinds, including expectations of interest rate cuts by the Federal Reserve, which have lifted clean energy stocks generally. The company has also announced positive business developments, including an extension of its partnership with logistics giant Uline through 2030 and a new collaboration with GH2 Global in Brazil. Plug Power’s electrolyzer business is also experiencing strong growth, with sales up over 200% year-over-year.

The stock has been very volatile, with 98 moves greater than 5% in the last year. Shares are up 4.5% year-to-date, but still trade 22.7% below their 52-week high of $3.15. The stock price is $2.44 per share. Recent analysis points to the company’s robust operational performance, particularly the surge in electrolyzer sales, as a driver of the stock’s recent gains. This follows a week-long climb of over 40% fueled by the Uline partnership extension and GH2 Global collaboration. A BTIG analyst also highlighted the company’s robust operational performance.

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