PLUG Stock - PLUG POWER Finally has its DAY! Martyn Lucas Investor

PLUG Stock - PLUG POWER Finally has its DAY!

MAIN LIVE EVENT -    • NVDA Stock - Nvidia CES Keynote LIVE ...  

The Biden administration loosened some safeguards on a tax credit worth billions of dollars for production of so-called clean hydrogen, Bloomberg reported Friday.

The tax credit created by the Inflation Reduction Act, President Biden's 2022 climate law, now includes a carve-out sought by companies including Constellation Energy (NASDAQ:CEG) and Vistra (NYSE:VST) that will benefit some existing nuclear power plants, according to final rules released by the Treasury Department; CEG +3.5% and VST +6.6%.

The rules also provide pathways for hydrogen made from natural gas with carbon capture systems, methane and renewable natural gas to receive the tax credit, helping lift shares of Plug Power (PLUG) and FuelCell Energy (FCEL), +1.5% and +10.9%, respectively.

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