🟢 Plug Power Inc is trading 8.8% up today after strengthening liquidity with a tax credit sale

Plug Power Inc is trading 8.8% up at $4.29 after the company announced a key financing move that bolsters its balance sheet.

• Plug Power announced it closed the sale of a federal Investment Tax Credit (ITC) for approximately $39.2 million in cash.
• The tax credit is associated with Plug's hydrogen liquefaction facility in St. Gabriel, Louisiana.
• The transaction is part of the company's broader strategy to improve liquidity and optimize capital.