Plug Power Gains 20% Driven By Sen. Manchin Support For Biden's Climate Bill

Shares of Plug Power Inc. (PLUG) jumped over 20% on Thursday morning as shares of clean energy companies surged after Democratic senator Joe Manchin announced his support for President Joe Biden's climate and tax bill.

PLUG is currently trading at $20.76, up $3.58 or 20.87%, on the Nasdaq, on a heavy volume of 44 million shares, above average volume of 21 million. The stock opened its trading at $20.01 after closing Wednesday's trading at $17.18. The stock has traded between $12.70 and $46.50 in the past 52-week period.

Plug Power delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.

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