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Shares of Plug Power Inc (NASDAQ: PLUG) tanked in the premarket session on Wednesday, despite news of the company launching the largest U.S. green hydrogen plant.
BMO Capital Markets cut its rating on hydrogen-technology firm Plug Power to Underperform from Market Perform.
The Court said that Thakkar's apology was not enough, as he was utterly defiant of court orders and should, therefore, be dealt with a heavy hand.
Credits of up to $3 a kilogram were expected to draw investment in plants that make hydrogen, but the eligibility rules are strict.
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow