On July 14, Plug Power rose 8.06% in regular trading, trading at $2.315/share, with turnover of $31.47 million. The rally was driven by the announcement of two key transactions with Stream Data Centers expected to deliver more than $275 million in total liquidity improvement.

Specifically, the transactions involve the sale of Plug Power's Graham, Texas project and a staged closing agreement for the New York Gateway project with Stream. As part of this initiative, the company expects approximately $80 million in near-term liquidity. The Gateway project agreement was also amended, with the non-land asset sale closing deadline extended to March 31, 2027, providing additional time to complete legal and regulatory procedures.

Beyond asset optimization, the two companies are actively exploring opportunities to deploy Plug Power's hydrogen fuel cell solutions in data center applications. For a company that has long faced cash flow pressures, this deal significantly enhances financial flexibility, continuing a strategic path that previously included a $44 million federal ITC transfer for its St. Gabriel hydrogen facility in June.

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