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Plug Power rises after 280-MW deal for Denmark project

By Reuters News13:13 (UTC), 29 September 2026 Updated

** Fuel cell maker Plug Power's PLUG.O shares rise 5.4% to $2 premarket

** Gains after Plug Power signs a 280-MW electrolyzer deal with Arcadia eFuels for a Denmark project

** Partnership positions PLUG as preferred supplier for more than 1 GW of Arcadia eFuels' projects in Europe and the Americas

** Plug's electrolyzer technology will help convert Danish renewable electricity into sustainable aviation fuel

** 7 of 22 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; median PT is $3.50

** Stock down 5.58% YTD, as of last close

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