Benzinga | Nov 1, 2021 11:32AM EDT

Why Plug Power Shares Are Rising

Shares of several companies in the clean energy space, including Plug Power Inc (NASDAQ:PLUG) are trading higher as investors weigh US President Biden's speech at the COP26 climate summit, in which he addressed climate change goals. Strength could also be attributed to US infrastructure optimism, Tesla Inc (NASDAQ:TSLA) hitting an all-time high and delivery numbers from NIO (NYSE:NIO), Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).

Shares of several companies in the clean energy space were also trading higher last Thursday. US President Biden Thursday discussed his framework, which includes a national network of 500,000 electric vehicle charging stations.

See Also: Why Anthony Scaramucci Is Warning Tesla Shorts: 'I Would Get Out Of The Way Of Elon Musk If I Were You'

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.