Why Plug Power's Shares Popped 25.9% Today

Shares of Plug Power (NASDAQ: PLUG) jumped as much as 25.9% in trading Tuesday after completing an important acquisition. Shares held gains late in trading and were up 21.8% as of 1:10 p.m. EDT.

The acquisition of United Hydrogen and Giner ELX was completed, which was a big step forward in the company's vertical integration plans. Financial details of the acquisitions weren't announced but management says these are key additions to get the company to over 50% green hydrogen by 2024, making this much more of a renewable energy stock than it was using hydrogen from natural gas.

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Source Fool.com