Plug Power Jumps Sharply After Reaching Deal With Amazon

Shares of Plug Power (PLUG) are seeing significant strength in afternoon trading on Wednesday, with the provider of hydrogen and fuel cell power solutions jumping by 63.5 percent. Earlier in the session, Plug Power reached its best intraday level in well over a year.

The rally by Plug Power comes after the company announced it has reached an agreement with Amazon (AMZN) to utilize Plug Power fuel cells and hydrogen technology in its fulfillment network.

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