Home Equities Score Hot news prompted Plug Power Inc. (PLUG) stock surged in the post-market...

Hot news prompted Plug Power Inc. (PLUG) stock surged in the post-market hours

Plug Power Inc. (NASDAQ: PLUG) is a leading provider of hydrogen fuel cells and hydrogen ‎fueling systems for enabling electric mobility, and SK Group, one of South Korea’s most ‎prominent business groups. ‎

Get the hottest stocks to trade ‎every day before the market opens 100% ‎free. Click here now. 

What’s hot…‎


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Plug Power Inc. (NASDAQ: PLUG) shares soared 27.43% in the after-hours session to $44.6 ‎after the announcement that Plug Power and the SK Group will forge a strategic partnership ‎to promote hydrogen as an alternative energy source in Asian markets. The collaboration ‎between companies will provide hydrogen fuel cell systems, hydrogen fueling stations, and ‎electrolyzers to the Korean market and broader Asian market. SK Group and Plug Power ‎have also signed a definitive agreement under which SK Group will make a strategic ‎investment of $1.5 billion in Plug Power to support the rapidly growing Asia market and are ‎planning the establishment of a joint venture company in South Korea. With SK Group’s ‎significant presence and leadership throughout Asia’s energy industry and Plug Power’s ‎leadership in hydrogen fuel cells, fueling stations, and green hydrogen generation, the two ‎companies represent a formidable team to accelerate the growth of the hydrogen economy ‎in Asian markets.‎

Read More

South Korea announced its Hydrogen Economic Roadmap for 2040 in January 2019, with ‎ambitious goals, including selling over 5MM tons of hydrogen annually, producing over ‎‎6MM fuel cell electric vehicles, installing 1,200 fuel cell refueling stations, and producing ‎over 15GW of fuel cell power by 2040. Plug Power has demonstrated what it takes to scale a ‎hydrogen business in North America as a global leader in the hydrogen economy.‎

Get the hottest stocks to trade every day before the market ‎opens 100% ‎free. Click here now. 

Terms of the Deal

Under the terms of the investment, a US subsidiary of SK Group will make a $1.5 billion ‎investment in Plug Power by acquiring approximately 51.4 million shares of common stock ‎at $29.2893 per share, the 30-day VWAP as of January 5th, 2021, at a zero percent discount. ‎The investment is expected to represent an approximate 9.9% pro forma ownership stake in ‎Plug Power.‎

The investment transaction is subject to customary closing conditions and regulatory ‎approvals and is expected to close in the first quarter of 2021.‎

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY...

Here is Dolphin Entertainment Inc (DLPN) stock turnaround on Thursday, April 15, 2021

Dolphin Entertainment Inc (DLPN) stock was facing negativity in the normal trading session on Thursday, April 15, 2021. It lost 8.05% in the morning...

Why Is TAOP Stock Increasing Today?

Taoping Inc. (NASDAQ: TAOP) is rising on the charts today with a gain of 18.04% to trade at $7.33 at last check-in early trading. Yesterday,...

Is VIZSF Stock Price Up This Past Session?

At the previous close, shares of Vizsla Silver Corp. (OTCQB: VIZSF) were up 8.41% to $1.41. A total of 201,300 shares of Vizsla Silver...

How Did The KXIN Stock Rise In The Last Session?

On Thursday, more than 15.02 million shares of Kaixin Auto Holdings (NASDAQ: KXIN) were traded, and the closing share price was $2.56, an increase...

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

What Led The AKUS Stock To Increase On Thursday?

In its Thursday trading session, Akouos Inc. (NASDAQ: AKUS) rose by 8.08%, or $1.16, compared with its previous market close price. The lowest price...

Related News

HEXO stock plummeted on Thursday, April 15, 2021

Hexo Corp (HEXO) stock lost 11.23% in the after-hours session on Thursday after it lost 1.55% in the early session. HEXO shares have gone...

Hudson Capital Inc (HUSN) stock turnaround on Wednesday after the recent announcement

Hudson Capital Inc (HUSN) stock was facing negativity on Wednesday, April 14, 2021, and went down a bit 0.78% only in the early morning...

What Is Driving The GLSI Stock Higher In Early Trades?

In early trades today, Greenwich LifeSciences Inc. (GLSI) shares were trading at $38.90, up 7.79%. GLSI stock closed Tuesday's session at $36.09, down -7.82%. Get...

Why Did The MFNC Stock Skyrocket In The Last Session?

At the end of the day on 04/13/21, Mackinac Financial Corporation (NASDAQ: MFNC) closed with a 60.67% gain at $21.16. At the close of...

ATNF Stock Rose In Last Session For What Reason?

Monday’s trading session saw a 23.00% rise in the 180 Life Sciences Corp. (NASDAQ: ATNF), a $2.24 price rise from previous market close. The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.