Plug Power Stock Jumps After Hy2gen Picks It for 275-MW Quebec Hydrogen Project
Plug Power won a FEED contract for a 275-megawatt electrolyzer system at Hy2gen Canada’s Courant project in Baie-Comeau, Quebec. Shares rose 7% to $2.41 after the announcement. The project aims to start construction in 2027 and produce renewable ammonia by 2030, but final investment decisions and project details remain pending. Plug continues to target positive operating income by late 2027.