Plug Power's Green Hydrogen Project Boosts Shares
Update: 2025-12-18
Description
Plug Powers shares surged by nearly six percent following the installation of a five-megawatt electrolyzer system at Africas first commercial green hydrogen facility in Namibia. This project, a collaboration with Cleanergy Solutions Namibia, integrates Plug Powers electrolyzer with a solar park and battery storage to produce green hydrogen for various applications. The news was further bolstered by Plug Powers President and Chief Revenue Officer, Jose Luis Crespo, purchasing 37,300 shares of the company. However, the stock remains down by about one and a half percent since the start of the year, trading significantly below its fifty-two-week high, reflecting broader challenges in the power sector.
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