logo
  

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Swiss luxury goods group Compagnie Financiere Richemont AG reported Friday significantly higher profit in fiscal 2022 with strong growth in demand. The company also lifted its dividend, and announced a special dividend. Meanwhile, the shares were losing around 12 percent in the morning trading in Switzerland. Coeurd-Alene, Idaho-based White Cane Smoked Salmon LLC is recalling Wild Alaskan Cooked and Smoked Salmon as it contains undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The affected Alaskan Cooked and Smoked Salmon is packaged in vacuum bag, sold frozen, and there is no lot code or best by date on a package. Auto giant Ford Motor Co. (F) has issued a recall of about 39,000 2021 Expedition and Lincoln Navigator vehicles due to fire risk. The company has asked the customers of the recalled 2021 Ford Expedition and Lincoln Navigator SUVs to park their vehicles outside and away from structures while it investigates...
RELATED NEWS
Follow RTT