The DOE’s Loan Programs Office (LPO) on Jab. 16 said it had given a $1.66 billion loan guarantee to Plug Power’s subsidiary, Plug Power Energy Loan Borrower, to construct up to six clean ...

Plug now has $1.7 billion to use building six new hydrogen plants. Plug's problem: That $1.7 billion has to get paid back eventually, and the company has no history of ever making money to do it with.

Plug shares rose about 3.7% to $2.84 in after-hours Nasdaq trading, following news of the DOE loan guarantee.