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Amazon may buy upto 23% stake in fuel cell maker Plug Power

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.
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