On the first day of stock market trading for 2025, Plug Power's stock surged by 9.9% as investors anticipated new tax credits for hydrogen production. The U.S. Treasury Department is expected to issue guidance under the 2022 IRA regarding tax credits for hydrogen production. The rules are anticipated to clarify how companies like Plug Power, involved in producing hydrogen fuel cells and hydrogen, can offset costs when utilizing nuclear power for hydrogen gas production. The current IRA rules focus on granting tax credits to hydrogen producers using renewable energy sources like wind and solar power. The upcoming rules will determine if companies can claim credits for utilizing nuclear power and specify the credit value. The proposed guidance suggests companies, including Plug Power, might receive credits ranging from $0.60 to $3 per kilogram of liquid hydrogen produced using nuclear energy, pending the final determination. The decision on tax credits for hydrogen production is critical for Plug Power as it could impact the company's profitability and investment viability. The outcome of the Treasury's decision could significantly influence Plug Power's future trajectory. Investors considering investing in Plug Power stock must assess the potential implications of the Treasury Department's upcoming guidelines on the company's financial performance.