Why Plug Power Stock Is Higher Today

Plug Power Inc PLUG shares are trading higher by 6.71% to $22.66 during Tuesday's trading session as clean energy stocks continue to gain amid U.S. energy policy optimism. Also, Northland Capital Markets initiated coverage on the stock with a Market Perform rating and $25 price target.

What Happened?

Manchin announced late last Wednesday that he has reached an agreement with Senate Majority Leader Chuck Schumer to vote on the "Inflation Reduction Act of 2022," according to a statement from Manchin.

The Inflation Reduction Act will address record inflation by paying down national debt, lowering energy costs and lowering healthcare costs... Read More

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According to data from Benzinga Pro, Plug Power has a 52-week high of $46.50 and a 52-week low of $12.70.