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Why Plug Power Stock Popped Today

Why Plug Power Stock Popped Today

The Nasdaq is rebounding Tuesday after last week's steep sell-off, and hydrogen fuel-cell company Plug Power (NASDAQ: PLUG) is joining in the fun, up 4.8% as of 10:25 a.m. ET. Plug is partly coming along for the ride along with the rest of the tech-heavy Nasdaq, but it's also benefiting from some news unique to the hydrogen industry -- and to Plug itself. The reasons for Plug's gains today are a bit convoluted, so let's take them step by step.