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Plug Power To Sell Graham, Texas Project To Stream For $76.5 Mln; Amends Gateway, New York Deal

PLUG
M&A & RestructuringCompany Fundamentals

Plug Power (PLUG) announced two transactions with Stream US Data Centers, LLC: the sale of the Graham, Texas project and a restructure of the terms of its previously announced stake sale in the Gateway project (New York). The update appears procedural rather than tied to disclosed financial magnitude in the provided text, implying limited near-term impact absent further deal economics.

Analysis

Plug Power (PLUG) announced two transactions with Stream US Data Centers, LLC: the sale of the Graham, Texas project and a restructure of the terms of its previously announced stake sale in the Gateway project (New York). The update appears procedural rather than tied to disclosed financial magnitude in the provided text, implying limited near-term impact absent further deal economics.

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