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Plug Power Finds a Turning Point as NASA Endorsement Counters the Hydrogen Skeptic

Investing.com Logo Investing.com By Jeffrey Neal Johnson
Plug Power Finds a Turning Point as NASA Endorsement Counters the Hydrogen Skeptic

Plug Power secures a NASA contract to supply liquid hydrogen, marking a potential turning point for the company by validating its hydrogen technology and stabilizing its financial position through strategic capital raising.

Insights
NVO   negative

Experiencing a 47% stock selloff due to slowing sales, rising competition, and product supply issues


PLUG   positive

Secured a NASA contract demonstrating technological reliability, completed a successful convertible note offering, expanded partnerships with Uline and Allied Green Ammonia, and showing signs of transitioning from construction to delivery mode