Amazon Adopts Green Hydrogen to Help Decarbonize its Operations
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August 25, 2022 10:27 AM EDT
It was widely reported after the close on Wednesday that Amazon (NASDAQ: AMZN) is shutting down its Amazon Care business at the end of 2022.
According to one article, an Amazon Care executive stated that Amazon Care wasn't a sustainable long-term solution for its enterprise customers.
Following the reports, analysts and BTIG and BofA released notes reacting to the news:
BofA analyst Allen Lutz said... More
August 25, 2022 10:03 AM EDT
Shares of Plug Power (NASDAQ: PLUG) rallied Thursday after the hydrogen firm announced Thursday that it has signed a hydrogen supply deal with Amazon (NASDAQ: AMZN) to provide liquid green hydrogen to the tech giant.
Plug will start providing the liquid green hydrogen in 2025 to help... More
