Plug Power closes $39 million tax credit sale tied to Louisiana facility; shares rise

Plug Power

02/06/2026 16:50

** Shares of fuel cell maker Plug Power PLUG.O rise ~7% to $4.20
** Company closes sale of federal investment tax credit for ~$39.2 million associated with its facility in Louisiana
** Transaction builds on Plug's January 2025 transfer of a $30 million ITC associated with its Woodbine, Georgia hydrogen facility
** Louisiana plant is part of Plug's U.S. green hydrogen production network buildout
** Including session's moves, shares are up 113.6% YTD
 

 (Reporting by Katha Kalia in Bengaluru)
 ((katha.kalia@thomsonreuters.com))