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Plug Power adds to gains as Japan reveals fuel cell vehicle subsidies

Jul. 18, 2014 5:18 PM ETPlug Power Inc. (PLUG) StockTM, PLUGBy: Carl Surran, SA News Editor12 Comments
  • Plug Power (NASDAQ:PLUG) finished 10% higher on the session, apparently boosted late by Japan Prime Minister Abe's plan to provide at least ¥2M (~$19,550) in subsidies for every purchase of a fuel cell vehicle.
  • The environmentally friendly cars are more expensive than conventional autos - Toyota's (NYSE:TM) model will cost ~¥7M - which led Abe to decide government support was necessary to encourage buyers.
  • Earlier: Plug Power +3% after Roth Capital says outlook has improved.

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