Plug Power (PLUG), Constellation Energy (CEG) and Bloom Energy (BE) shares rose in recent Friday trading after the US Department of the Treasury issued final rules outlining eligibility criteria for hydrogen producers seeking tax credits.
Plug Power shares rose 8.2%, Constellation rose 3.7% and Bloom gained 6.3%.
The regulations incorporate "significant changes and flexibilities to help grow the industry and move projects forward" in conformity with emissions requirements for qualifying clean hydrogen, the Treasury said Friday in a statement.
The changes provide certainty and flexibility for project developers, including participants in the Department of Energy's Regional Clean Hydrogen Hubs program, the Treasury said.
Price: 2.52, Change: +0.1900, Percent Change: +8.15
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.