Plug Power Jumps 10% On Deals With Airbus, Phillips 66

Shares of hydrogen technology company Plug Power Inc. (PLUG) are up 10 percent on Wednesday's trading after the company announced a collaboration with Phillips 66 to develop low-carbon hydrogen businesses.

As per the agreement, the companies would look into ways to use Plug Power's technology within Phillips 66's operations.

In a separate development, Plug Power also announced a deal with commercial aerospace giant Airbus to explore the use of green hydrogen in air transportation.

Currently at $32.81, the stock hast traded between $13.69 and $75.49 during the past 52 weeks.

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