SLINGERLANDS, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is collaborating with Carreras Grupo Logístico to launch a complete green hydrogen ecosystem in Spain. The initiative will aim to establish, through a fuel cell technology advantages validation project, the first hydrogen-powered logistics site in Spain at Carreras Grupo Logístico's logistics center in Masquefa, Barcelona. Plug is working w ...

Market forecasts suggest there's a lot of upside from here. But what's the truth?It's not hard to paint a rosy picture for hydrogen stocks like Plug Power (PLUG 10.68%). According to a recent report by global consultancy McKinsey & Co, "global clean hydrogen demand is projected to grow significantly by 2050, but infrastructure scale-up and technology advancements are needed to meet projected demand." As a company that provides that infrastructure and technology, Plug Power is in the driver's seat to meet th ...

With revenue going backward and costs increasing, this company has lots of ground to cover.Plug Power (PLUG 5.64%) is struggling to find customers willing to switch to this innovative new energy source.*Stock prices used were the afternoon prices of Sept. 24, 2024. The video was published on Sept. 26, 2024. ...

SLINGERLANDS, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024 in New York. Jose Luis Crespo, General Manager, Applications, is scheduled to participate in a panel on clean energy on Tuesday, October 1, 2024 at 8:50 - 9:40 AM EST. A webcast of the presentation will be av ...

Industry Overview - The hydrogen market is projected to become a trillion-dollar industry, with estimates suggesting total hydrogen demand could surpass $1.4 trillion by 2050, driven by the need to decarbonize hard-to-abate sectors like steelmaking and aviation [2][4] - Demand for hydrogen is expected to double between now and 2030, with the market value reaching approximately $642 billion [2] Company Analysis: Plug Power - Plug Power is a significant player in the hydrogen industry, currently valued at $1.8 billion, but its long-term stock performance has been poor due to share dilution, which has increased its share count by 9,950% over the past two decades [4][5] - The company has relied on share dilution and government subsidies to expand its sales base, but mounting losses have negated potential gains for shareholders [5][6] - Plug Power's equity duration is estimated at 25.8 years, indicating that its stock is sensitive to interest rate changes and competitive dynamics, making it akin to a long-term bond [6] Future Outlook - Despite the potential for hydrogen demand growth, Plug Power faces significant challenges in raising new capital and maintaining competitiveness in a rapidly evolving market [5][7] - The company received a going concern notice in 2023, indicating potential insolvency risks if it fails to secure additional funding [7] - While Plug Power may survive and grow within the hydrogen market, investors are advised to consider other opportunities due to the financial stresses and share dilution risks associated with the company [7]

Energy Plug Receives Three Battery Storage Systems Purchase Orders in Q3Energy Plug has now booked four purchase orders in 2024September 26, 2024 2:00 AM EDT | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainable battery and microgrid solutions, is pleased to announce pur ...

Energy Plug Announces Memoranda of Understanding with Taiwan-Based Battery Manufacturer SEETEL, and College of Engineering of National Taiwan University and iAUTOSeptember 24, 2024 9:29 AM EDT | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainable battery and microgrid so ...

The hydrogen fuel cell maker is turning to new methods to raise funds, but it will need more if it's to survive.Plug Power (PLUG -7.77%) stock surged by as much as 15.3% at its highest point in trading this week before reversing course on Thursday. And on Friday morning, shares of the hydrogen and fuel cell maker crashed by more than 8% and were trading 3.5% lower for the week through 11 a.m. ET, according to data provided by S&P Global Market Intelligence.Plug Power announced a new strategy this week that ...

Plug Power, Inc. (PLUG) announced that it has clinched a deal for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from Castellón Green Hydrogen S.L., a joint venture between bp and Iberdrola. PLUG will leverage its solid expertise in the green hydrogen industry to offer its advanced PEM electrolyzer technology for carbon reduction targets.Plug Power’s electrolyzers utilize PEM stack technology in a modular design, which offers a small footprint with potential for capacity expansion. ...

Investors perhaps expect Plug Power stock to explode if and when a green hydrogen boom arrives, but will it?After crashing 24% in August, Plug Power (PLUG 1.55%) stock is going ballistic and just clocked some solid weekly gains -- it was up 25.5% at its highest point in trading this week through 9:40 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.The green hydrogen industry is still in its nascent stage, but more companies and economies are recognizing green hydrogen's potentia ...