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PLUG POWER INC.

(PLUG)
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Plug Power to Work With BAE Systems on Hydrogen-Powered Electric Buses

04/29/2021 | 10:02am EDT

By Michael Dabaie

Plug Power Inc. said it will work with BAE Systems PLC on hydrogen-powered electric buses.

Plug Power and BAE Systems will collaborate to supply zero-emissions powertrains to heavy-duty transit bus original equipment manufacturers in North America, integrating Plug Power's ProGen fuel cell engines into BAE Systems' smart electric drive systems.

The companies will also provide hydrogen and refueling infrastructure to end-customers use points.

"The companies will work together to offer transit operators in North America an all-inclusive, scalable system to reach zero emissions, providing required site, vehicle, and service solutions," BAE said.

Plug Power shares were up 4% to $29.97 in early trading.

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

(END) Dow Jones Newswires

04-29-21 1001ET

Stocks mentioned in the article
ChangeLast1st jan.
BAE SYSTEMS PLC 1.27% 510 Delayed Quote.3.03%
DJ INDUSTRIAL -1.37% 33789.83 Delayed Quote.13.51%
PLUG POWER INC. -3.26% 22.85 Delayed Quote.-30.40%
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Financials (USD)
Sales 2020 303 M - -
Net income 2020 -131 M - -
Net cash 2020 754 M - -
P/E ratio 2020 -66,8x
Yield 2020 -
Capitalization 13 793 M 13 793 M -
EV / Sales 2020 43,1x
EV / Sales 2021 24,3x
Nbr of Employees 629
Free-Float 96,1%
Chart PLUG POWER INC.
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Technical analysis trends PLUG POWER INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 55,19 $
Last Close Price 23,60 $
Spread / Highest target 231%
Spread / Average Target 134%
Spread / Lowest Target 22,9%
EPS Revisions
Managers and Directors
NameTitle
Andrew J. Marsh President, Chief Executive Officer & Director
Paul B. Middleton Chief Financial Officer & Senior Vice President
George C. McNamee Chairman
Keith C. Schmid Chief Operating Officer & Senior Vice President
Maureen O. Helmer Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PLUG POWER INC.-30.40%13 793
VESTAS WIND SYSTEMS A/S0.00%37 770
TONGWEI CO., LTD.-0.08%26 894
SIEMENS ENERGY AG-15.89%21 996
SIEMENS GAMESA RENEWABLE ENERGY, S.A.-21.52%21 491
SUNGROW POWER SUPPLY CO., LTD.9.88%17 998