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David Zeiler
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Why Plug Power (Nasdaq: PLUG) Bought ReliOn Inc.
Wall Street darling Plug Power Inc. (Nasdaq: PLUG) gave investors even more cause for optimism by announcing yesterday (Wednesday) after the market close that it had acquired fuel-cell stack developer ReliOn Inc. for $4 million in stock.
The news sent Plug Power stock up 4.5% in after-hours trading yesterday, though the stock was only up about 1.5% in mid-day trading today (Thursday).
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