Benzinga | Oct 7, 2021 01:35PM EDT

Why Plug Power Shares Are Rising

Shares of several companies in the broader industrials sector, including Plug Power Inc (NASDAQ:PLUG), are trading higher in sympathy with the overall market as stocks rise on optimism Congress will near a deal that would prevent a government shutdown.

Shares of companies in the broader clean energy manufacturing space have otherwise been trading lower in recent sessions amid a rise in bond yields, which has weighed on growth stock valuations.

Plug Power is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way.

Plug Power has a 52-week high of $75.49 and a 52-week low of $13.69.