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PLUG POWER INC.

(PLUG)
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Plug Power, Airbus to Study Green Hydrogen for Future Aircraft and Airports

10/13/2021 | 05:50am EDT

By Michael Dabaie

Plug Power Inc. said it would work with Airbus to study the feasibility of bringing green hydrogen to future aircraft and airports.

Airbus and Plug Power will work on a joint study and roadmap that could bring green hydrogen to aircraft and airports, Plug Power said.

Plug Power shares rose 7% to $31.90 premarket.

Plug Power will create deployment scenarios for green hydrogen infrastructure at airports, while Airbus will offer insight on hydrogen aircraft characteristics.

Plug Power and Airbus will select a U.S. airport to serve as the first "Hydrogen Hub" pilot airport in North America, serving as a case study for hydrogen infrastructure scale-up at other airports.

The companies will also consider setting up a range of joint projects covering the deployment of green hydrogen infrastructure for aviation, at scale.

Airbus hopes to bring zero-emission aircraft to market by 2035.

"We at Airbus see huge potential for green hydrogen to power our future zero-emission aircraft," said Glenn Llewellyn, Airbus vice-president for zero-emission aircraft.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

10-13-21 0750ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.98% 111.06 Real-time Quote.24.93%
PLUG POWER INC. -1.56% 32.92 Delayed Quote.-2.92%
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Analyst Recommendations on PLUG POWER INC.
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Financials (USD)
Sales 2021 494 M - -
Net income 2021 -248 M - -
Net cash 2021 2 933 M - -
P/E ratio 2021 -74,9x
Yield 2021 -
Capitalization 18 908 M 18 908 M -
EV / Sales 2021 32,3x
EV / Sales 2022 20,8x
Nbr of Employees 1 285
Free-Float 87,5%
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Technical analysis trends PLUG POWER INC.
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 32,92 $
Average target price 41,83 $
Spread / Average Target 27,1%
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Managers and Directors
Andrew J. Marsh President, Chief Executive Officer & Director
Paul B. Middleton Chief Financial Officer & Senior Vice President
George C. McNamee Chairman
Tim Cortes Chief Technology Officer
Keith C. Schmid Chief Operating Officer & Senior Vice President
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