PLUG Stock Alert: Plug Power Plans to Leverage Hydrogen Tax Credit
PLUGPlug Power(PLUG) Investor Place·2024-06-29 02:17

Plug Power (NASDAQ:PLUG) stock is down about 4% today despite promising news that the fuel cell company will attempt to capitalize on some tax benefits of the Inflation Reduction Act (IRA). Indeed, Plug will attempt to receive tax benefits related to the IRA’s Section 45V Credit for the Production of Clean Hydrogen (PTC) in its upcoming quarterly financial reports. Reasonably so, Plug is poised to be one of the first producers of clean hydrogen in the U.S. that plans to take advantage of this new Biden admi ...