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Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday. Wall Street, however, isn’t the big reason shares are higher. That’s due to another partnership Plug announced with a global vehicle maker.
Tuesday, Plug (ticker: PLUG) signed a memorandum of understanding with Renault (RNO.France). The pair plan to form a joint venture to develop hydrogen-fuel-cell-powered light commercial vehicles.
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Plug Power Stock Gains 14% as Hydrogen-Powered Vehicles Gain Momentum
Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday. ....

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