Plug Power Secures $2.8 Million NASA Contract, Boosts Hydrogen Business Amid Falling Stock Price

Plug Power has signed a $2.8 million contract with NASA to supply up to 480,000 pounds of liquid hydrogen to the space agency's facilities in Ohio. The deal marks a key milestone for the hydrogen solutions company and validates its ability to meet NASA's strict standards. The company aims to position itself as a key player in the expanding hydrogen economy, with applications spanning aerospace, industrial operations, and next-generation energy systems. Plug Power stock is down over 50% from its 52-week high, but delivered solid Q3 results with revenue of $177 million and improved operational cash burn.