Plug Power rises after 280-MW deal for Denmark project

Plug Power

29/09/2026 14:13

** Fuel cell maker Plug Power's PLUG.O shares rise 5.4% to $2 premarket
** Gains after Plug Power signs a 280-MW electrolyzer deal with Arcadia eFuels for a Denmark project
** Partnership positions PLUG as preferred supplier for more than 1 GW of Arcadia eFuels' projects in Europe and the Americas
** Plug's electrolyzer technology will help convert Danish renewable electricity into sustainable aviation fuel
** 7 of 22 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; median PT is $3.50
** Stock down 5.58% YTD, as of last close

(Reporting by Darshan Kumar in Bengaluru)
((darshan.kumar@thomsonreuters.com))