Amazon may buy upto 23% stake in fuel cell maker Plug Power
Thursday, April 6, 2017, 3:45 PM
Hydrogen fuel cell maker Plug Power said that Amazon.com had acquired the right to buy up to 23% of the company and that it would supply batteries to power forklifts used by the online retailer in its warehouses. Plug Power's shares closed 73% higher at $2.25 in heavy trading. Amazon shares rose as much as 1.9% to a record high of $923.72.