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Plug Power Stock Volatility Amid Green Hydrogen Plant Showcase
Plug Power Stock Volatility Amid Green Hydrogen Plant Showcase
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BTCCSquare news:
Plug Power (PLUG) shares experienced dramatic swings Tuesday, initially surging 19% before retreating to a mere 1% gain by afternoon trading. The hydrogen technology company's volatility followed its investor tour announcement for a Georgia-based green hydrogen facility that achieved record August production of 324 metric tons.
At midpoint pricing of $8/kg, the plant's output translates to $2.6 million monthly revenue potential - a marginal addition to Plug's $673 million annual revenue base. Market enthusiasm appears disproportionate to fundamental impact, suggesting speculative positioning rather than structural improvement.
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