Why Is Plug Power Stock Surging Premarket On Thursday?
Energy stocks are facing challenges, but their dividend yield remains strong.
Against the backdrop of global economic gloom and frequent fluctuations in oil & gas prices, energy stocks have demonstrated unexpected resilience.
Plug Power receives a large electrolyzer order from the BP- Iberdrola joint venture.
On September 19, Clarion announced that Plug Power, a professional company in hydrogen solutions, has won an order from Castellón Green Hydrogen S.L., a joint venture between BP plc and Iberdrola, to supply a 25 megawatt (MW) proton exchange membrane (PEM) electrolyzer cell system. This technology will be used to reduce carbon emissions at bp's Castellón refinery in Valencia, Spain.
Interest rate cuts are no match for recession expectations! Institutions put the oil price at $60, and Hong Kong petroleum stocks have weakened against the trend.
Why is the Hong Kong stock petroleum stock weakening against the trend, and why is the market reacting tepidly to the interest rate cut? What bearish factors have a greater impact on the far-term oil price, according to institutions?
Plug Power Wins Contract With BP-Iberdrola JV to Supply PEM Electrolyzers
Plug Signs Agreement With BP And Iberdrola Joint Venture To Supply 25 MW Of PEM Electrolyzers For BP's Castellón Refinery Project In Valencia, Spain