Plug Power, Inc. (PLUG) has announced an investment in Airflow, an aerospace company known for building next-gen electric Short Takeoff and Landing aircraft. Following the announcement, PLUG shares soared 12.8% on Wednesday and were up another 3.8% in Thursday's pre-market session at the time of writing. Plug develops hydrogen fuel cell systems to replace conventional electric-powered batteries in equipment and vehicles. (See Plug Power stock charts on TipRanks) The companies plan to develop a hydrogen fuel cell-based propulsion system designed for a new generation of sub-regional aircraft. Notably, Plug Power will remain Airflow’s preferred hydrogen provider. Also, Airflow and Plug Power will jointly test a full-scale, ground-based powertrain prototype.
https://www.tipranks.com/news/plug-power-partners-with-airflow-to-develop-hydrogen-based-propulsion-system-shares-pop-13?utm_source=advfn.com&utm_medium=referral
Plug Power (NASDAQ:PLUG)
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