Benzinga | Nov 11, 2021 02:07PM EST

Why Plug Power Shares Are Rising

Shares of clean energy and EV charging companies, including Plug Power Inc (NASDAQ:PLUG) are trading higher following the recent Rivian IPO as well as recent House passage of a US infrastructure bill, which contains $7.5 billion of funding to create a nationwide network of EV charging stations.

Investors also weighed US President Biden's recent speech at the COP26 climate summit, in which he addressed climate change goals.

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Plug Power Inc 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 $18.47.