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 ...

SLINGERLANDS, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured a contract with H2DRIVEN, a project developed by Dourogás and CapWatt, to provide Technical Evaluation Phase (TEP) support for 25 megawatts (MW) of its Proton Exchange Membrane (PEM) Electrolyzers during the Front End Engineering Design (FEED) process for their green methanol project in Portugal. Building on the success of its ...

The hydrogen stock is now down more than 60% year to date.Plug Power (PLUG 5.44%) has been in freefall in recent months, with the hydrogen stock losing another 23.9% value in August, according to data provided by S&P Global Market Intelligence. Plug Power stock is now down a whopping 40% in just three months. What's going on here, and is there any hope left for investors?Plug Power's biggest problemsPlug Power might be a frontrunner in green hydrogen, but the company is incurring huge losses, burning cash r ...

BMW's new fuel cell car might one day use hydrogen fuel from Plug Power...if Plug Power is still around to sell that fuel.Plug Power (PLUG 7.45%) stock leaped 7.1% higher through 10:50 a.m. ET Monday on the back of "news" that hydrogen power is getting more popular.Over the weekend, BMW (BAMXF -0.21%) (BMWYY -0.70%) announced plans to mass-produce its first-ever hydrogen fuel cell automobile with assistance from Toyota Motor (TM -0.10%). And seeing as Plug Power aims to become the world's biggest producer o ...

SLINGERLANDS, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is pleased to announce that it has complied with and completed the undertakings in connection with its previously announced settlement of a civil administrative proceeding with the U.S. Securities and Exchange Commission (“SEC”) in 2023. On August 30, 2024, the Company certified with the SEC Staff that the Company completed the undertaking ...

The pure-play hydrogen company is bleeding cash, but showed signs of improvement in the last quarter. Is it enough?While electrification gets a lot of headlines, energy investors shouldn't overlook hydrogen as a potential growth area in the decarbonization economy. It's easily stored and transported, and it's combustible. That offers a lot of advantages over solar and wind power, which are only present intermittently and subject to expensive battery storage.Plug Power (PLUG -3.09%) has invested aggressively ...

Plug Power Inc. (PLUG) , a prominent name in the green hydrogen industry, has seen a 19.2% plunge in its stock price over the past month, underperforming the Zacks Manufacturing - Electronics industry as well as the S&P 500. While the industry declined 2.5% over the same time frame, the S&P 500 advanced 2.6%.The company has been persistently suffering due to negative gross margins and cash outflows over the past several quarters. This is further evident from PLUG’s poor second-quarter 2024 results despite i ...

Plug Power has powerful growth potential and problems.Shares of Plug Power (PLUG) recently slid under $2 a share, putting them around their 52-week low. The hydrogen stock is now down nearly 60% this year. It's even further below its all-time high. An optimist might say that the stock doesn't have much farther to go before it hits bottom. They could also point to the hydrogen company's tremendous growth potential as a reason to be bullish that shares could stage an epic recovery. However, there are reasons ...

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology innovator in energy storage and delivery, and the Malahat Nation are pleased to announce that the official groundbreaking and ground blessing ceremony for Canada's first Indigenous-led gigafactory was held today at the Malahat Business Park in Mill Bay, British Columbia. With a targeted battery production output of 1 gi ...