PLUG Stock: Plug Power Faces New Probe as Republicans Scrutinize Federal Support
Plug Power(PLUG) Investor Place·2024-06-06 01:37
Fuel cell energy producer Plug Power (NASDAQ:PLUG) is facing new regulatory scrutiny. Republican Senator John Barrasso has requested that a federal loan the company received in May 2024 be investigated. A ranking Republican official and member of the Senate Committee on Energy and Natural Resources, Barrasso alleges that the $1.7 conditional line of financing from the U.S. Department of Energy is a conflict of interest that poses a threat to U.S. taxpayers. PLUG stock surged after the company secured this n ...