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PLUG POWER INC.

(PLUG)
  Report
Delayed Nasdaq  -  04:00:00 2023-05-26 pm EDT
8.250 USD   -1.55%
05/29Plug Power Inc. Deadline Approaching : Kessler Topaz Meltzer & Check, LLP Reminds Investors of Plug Power Inc. of Deadline in Securities Fraud Class Action Lawsuit
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05/28ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Plug Power Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - PLUG
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05/27Plug Power Deadline Alert : Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Plug Power To Contact Him Directly To Discuss Their Options
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Plug Power Inc : PLUG POWER FUEL CELLS FOR BETTER RANGE

10/30/2013 | 04:14pm EDT

Funding Sought for Project for Hydrogen Range Extension

Plug Power is proposing to test its GenDrive brand hydrogen fuel cells as range extenders on pure-battery delivery trucks, thereby making the zero-emission vehicles more mission-capable.

"They need about 150 to 175 miles per route," says Plug Power project manager Jim Petrecky. Current battery trucks are getting only about 80 miles per charge, he says.

"By adding a 10-kilowatt fuel cell and 5 to 6 kilograms of hydrogen, they can use their electric vehicle for all of their routes," he told F&F.

20 Trucks Would get 10-Kilowatt GenDrive Units

Plug Power and un-named partners are seeking funding to augment 20 battery trucks with lithium ion battery trucks with 10-kilowatt Plug Power GenDrive fuel cells.

The partners envision a four-year initiative - one year of development and three years of deployment in real work applications.

Fueling will take place at an existing Plug Power installation and at public charging stations in Southern California.

"For a range of 150 miles, the truck will get roughly half of the required energy from the batteries and half from the fuel cell," Petrecky says in a summary prepared for F&F.

Still Cheaper than Diesel

The FC-RE - fuel cell range-extended - "truck will be fitted with the batteries, fuel cell, and hydrogen tank in such a way that the payload will not be depreciably reduced."

Operators will still save money, as "It is cheaper to charge the batteries at night and fuel with hydrogen due to the fuel cell's high efficiency than to fuel the truck with diesel."

Petrecky notes battery electric trucks are used in commercial operations by multiple companies, and that GenDrive fuel cells are used commercially in some 4,000 material handling vehicles - forklifts and airport ground support equipment vehicles - and that the GenDrive architecture has accumulated 12 million run hours.

Plug Power fuel cells are also being tested on reefers - over-the-road refrigerated trucks (F&F, August 28).

http://www.fleetsandfuels.com/fuels/hydrogen/2013/10/plug-power-fuel-cells-for-better-range/?utm_source=Fleets-Fuels30October2013&utm_campaign=October+30%2C+2013&utm_medium=email

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All news about PLUG POWER INC.
05/29Plug Power Inc. Deadline Approaching : Kessler Topaz Meltzer & Check, LLP Reminds Investor..
BU
05/28ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Plug Power Inc. Investors with Losses ..
NE
05/27Plug Power Deadline Alert : Securities Litigation Partner James (Josh) Wilson Encourages I..
PR
05/26Johnson Matthey - Preliminary results for the year ended 31st March 2023
AQ
05/25Plug Lawsuit Alert : Levi & Korsinsky Notifies Plug Power Inc. Investors of a Class Action..
PR
05/24ROSEN, NATIONAL TRIAL LAWYERS, Encourages Plug Power Inc. Investors with Losses to Secu..
PR
05/24The Gross Law Firm Notifies Sharehol : Plug)
PR
05/23PLUG Investors Have Opportunity to Lead Plug Power Inc. Securities Fraud Lawsuit
PR
05/23Plug Alert : The Klein Law Firm Announces a Lead Plaintiff Deadline of June 12, 2023 in th..
PR
05/22Micron, American Airlines fall; PacWest, Plug Power rise
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Analyst Recommendations on PLUG POWER INC.
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Financials (USD)
Sales 2023 1 294 M - -
Net income 2023 -508 M - -
Net Debt 2023 207 M - -
P/E ratio 2023 -9,83x
Yield 2023 -
Capitalization 4 954 M 4 954 M -
EV / Sales 2023 3,99x
EV / Sales 2024 2,78x
Nbr of Employees 3 353
Free-Float 84,6%
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 8,25 $
Average target price 19,18 $
Spread / Average Target 132%
EPS Revisions
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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