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Plug Power, Constellation Energy, Bloom Energy Shares Rise on Hydrogen Tax Rules
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Plug Power, Constellation Energy, Bloom Energy Shares Rise on Hydrogen Tax Rules
Jan 3, 2025 10:35 AM

01:06 PM EST, 01/03/2025 (MT Newswires) -- Plug Power ( PLUG ) , Constellation Energy ( CEG ) and Bloom Energy ( BE ) shares rose in recent Friday trading after the US Department of the Treasury issued final rules outlining eligibility criteria for hydrogen producers seeking tax credits.

Plug Power ( PLUG ) shares rose 8.2%, Constellation rose 3.7% and Bloom gained 6.3%.

The regulations incorporate "significant changes and flexibilities to help grow the industry and move projects forward" in conformity with emissions requirements for qualifying clean hydrogen, the Treasury said Friday in a statement.

The changes provide certainty and flexibility for project developers, including participants in the Department of Energy's Regional Clean Hydrogen Hubs program, the Treasury said.

Price: 2.52, Change: +0.1900, Percent Change: +8.15

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