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(Bloomberg) Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the US Energy Department, and it’s cutting spending to shore up the balance sheet. Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAn Isolated Israel Doubles Down on War in Gaza —

United statesBloomberg businessweekPaul middletonColin ruschDavidr bakerUs energy departmentHydrogen fuela cleanBloomberg plug power incEnergy departmentOppenheimer coNew york basedPlug chief financial officer paul middletonWill hydrogen fuelClean energy futureExecutive officer andy marshPaul middleton