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Why Plug Power Stock Skyrocketed 28.5% Today

TheMotleyFool

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Why Plug Power Stock Skyrocketed 28.5% Today: https://g.foolcdn.com/editorial/images/823439/future-city.jpg

Shares of Plug Power (NASDAQ: PLUG) jumped on Monday, finishing the day up 28.5%. The spike comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were both up modestly.

Plug Power, which is developing hydrogen-based clean energy technology, received a boost from the Senate's latest version of the "Big, Beautiful Bill."

President Trump's "Big, Beautiful Bill" is currently working its way through Congress. The Senate's latest version includes a provision extending hydrogen industry tax credits through Jan. 1, 2028, two years longer than the previous version. This significant change sent hydrogen stocks across the board higher.

Source Fool.com

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