BUZZ - Plug Power shares rise after signing 280 MW contract for Denmark project

September 29 - ** Fuel cell manufacturer Plug Power PLUG.O shares rose 5.4% in pre-market trading to $2

** The increase was due to Plug Power (link) signing a 280 MW electrolyzer contract with Arcadia eFuels for a project in Denmark

** This collaboration makes PLUG the preferred supplier for Arcadia eFuels' projects in Europe and the Americas, totaling over 1 gigawatt

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

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

** As of the close of the previous trading day, the stock had declined 5.58% year to date

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