10 Stocks Gaining Momentum From Key Collaborations

3. Plug Power Inc. (NASDAQ:PLUG)

Plug Power Inc. is a hydrogen solutions provider for the green hydrogen economy operating globally. It recently announced a contract with a Green Ammonia producer, Allied Green Ammonia (AGA). According to this agreement, AGA will install a 4.5 GW plant which will be used by Power Plug to produce clean electricity. AGA’s mega project is expected to produce 2700 tpd of green ammonia.

CEO of Plug expressed his thoughts about this partnership by saying:

Together, we’re not only advancing green ammonia production but actively supporting the global transition to a net-zero emissions future.

Plug Power stock hasn’t proved to be a useful long-term investment. However, there have been shorter episodes of bull rallies in the stock that attract traders. Investors would hope that deals like this will bring a sustainable bullish rally in the stock.