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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Plug Power Inc.    PLUG

PLUG POWER INC.

(PLUG)
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Plug Power Signs MOU for Demonstration of Fuel Cell-Powered On-Road Vehicles

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09/24/2020 | 09:24am EDT

By Michael Dabaie

 

Plug Power Inc. said it signed a memorandum of understanding with Linde for the demonstration of Plug Power's ProGen fuel cell engine in Class 6 and Class 8 vehicles.

The vehicles will be used by Linde for delivery of products, Plug Power said. The company said the fleet of hydrogen fuel cell vehicles is expected to be on the road in early 2021, the provider of hydrogen engines and fueling solutions said.

Shares were up 1.5% to $12.26 premarket.

"Plug Power values our long-standing relationship with Linde, and views Linde as a key strategic supplier of hydrogen fuel," Plug Power CEO Andy Marsh said.

Plug Power said Thursday that Corine Dubruel joined the company as vice president and managing director, Europe. Before joining Plug Power, she held senior roles at electrification and energy companies including ENGIE, General Electric and ABB.

Plug Power Inc. also said it is working with Apex Clean Energy, a developer and operator of utility-scale wind and solar power facilities.

Apex and Plug Power's collaboration agreement aims to accelerate the shift to clean energy and mutually promote the advancement of green hydrogen in the U.S., Plug Power said.

 

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

 


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -1.62% 10.35 Real-time Quote.5.96%
ENGIE -2.14% 11.435 Real-time Quote.-18.85%
GENERAL ELECTRIC COMPANY 0.69% 7.34 Delayed Quote.-34.23%
LINDE PLC 1.47% 233.24 Delayed Quote.9.55%
PLUG POWER INC. -0.64% 16.285 Delayed Quote.415.35%
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Financials (USD)
Sales 2020 302 M - -
Net income 2020 -95,6 M - -
Net cash 2020 156 M - -
P/E ratio 2020 -57,1x
Yield 2020 -
Capitalization 6 293 M 6 293 M -
EV / Sales 2020 20,3x
EV / Sales 2021 16,0x
Nbr of Employees 629
Free-Float 95,0%
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Technical analysis trends PLUG POWER INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Average target price 13,70 $
Last Close Price 16,29 $
Spread / Highest target -7,89%
Spread / Average Target -15,9%
Spread / Lowest Target -20,2%
EPS Revisions
Managers
NameTitle
Andrew J. Marsh President, Chief Executive Officer & Director
George C. McNamee Chairman
Keith C. Schmid Chief Operating Officer & Senior Vice President
Paul B. Middleton Chief Financial Officer & Senior Vice President
Maureen O. Helmer Independent Director
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