- 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.
Plug Power adds to gains as Japan reveals fuel cell vehicle subsidies
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Symbol | Last Price | % Chg |
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PLUG | - | - |
Plug Power Inc. |