RBC initiates Plug Power at outperform, says hydrogen could play key role in decarbonization

Plug Power hydrogen delivery truck.
Source: Plug Power

RBC Capital Markets initiated coverage of Plug Power on Wednesday, saying the stock provides exposure to a growing hydrogen industry that could be key to reducing carbon emissions.

More In Street Calls

CNBC Pro20 strategists predict when stocks will have the next big tumble — and how far they'll fall
CNBC ProFrom EVs to hydrogen: BofA names the global stocks to trade an emerging $2 trillion market
CNBC ProSingapore's largest bank picks 3 airlines to buy — one with 'the cheapest recovery play'