The updated 45V guidance relating to the credit for production of clean hydrogen provide further detail and flexibility for qualification using electricity and methane, as well as electricity produced from nuclear power, RBC Capital tells investors in a research note. The firm believes the announcement is an incremental positive for the electrolytic hydrogen industry. RBC has a Sector Perform rating and $2 price target on Plug Power (PLUG).
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Read More on PLUG:
- U.S. to release hydrogen production tax credit guidance this week, Reuters says
- Hunterbrook Media Claims Plug Power Could ‘Go Bankrupt Within a Year’
- Hunterbrook sees ‘major roadblocks’ to Plug Power getting DOE loan approved
- Hunterbrook Capital announces Plug Power short after Hunterbrook investigation
- Plug Power falls 2% after Hunterbrook finds DOE loan ‘roadblocks’
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