Hydrogen

Search documents
Plug Executive Leadership to Participate in Investor Conferences in New York and London
Globenewswire· 2025-06-24 11:00
Core Insights - Plug Power Inc. is actively engaging with the financial community through participation in two upcoming investor conferences, highlighting its strategic priorities and long-term growth plans [1][2] Company Overview - Plug Power is a leader in the global hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [3] - The company offers a range of products such as electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure, targeting industries like material handling and energy production [3] Operational Highlights - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [4] - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, with a production capacity of 39 tons per day [4] Key Events - On June 24, 2025, Plug Power executives will participate in the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York, with a presentation scheduled from 10:55 to 11:25 AM EST [6] - On June 25, 2025, the CEO will participate in the Roth 15th Annual London Conference [6]
Greenway Technologies Announces Uplisting to OTCQB Venture Market
Globenewswire· 2025-06-23 15:20
ARLINGTON, TX, June 23, 2025 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI) (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announced today that it has successfully uplisted its common stock from the OTC® Pink Market to the OTCQB® Venture Market (“OTCQB”). The uplisting was processed and approved by OTC Markets Group Inc., and Greenway’s common stock commenced trading on the OTCQB on June 20, 2025. Greenway will continue to trade un ...
Plug Power's Electrolyzer Sales Jump in Q1: Can the Momentum Sustain?
ZACKS· 2025-06-20 14:56
Key Takeaways PLUG saw a 581.7% YoY jump in electrolyzer revenues in Q1 2025, driven by global delivery and order growth. A 3 GW supply deal with Allied Green Ammonia marks one of PLUG's largest electrolyzer contracts to date. Despite growth, it faces pressure from negative gross margins and the capital intensity of hydrogen projects.Plug Power Inc.’s (PLUG) electrolyzer product line is emerging as a key driver of its growth, supported by the rising demand for green hydrogen solutions. In the first quarte ...
MAX Power Team Identifies Rare Basement Source Rocks as Potential Natural Hydrogen Source
Newsfile· 2025-06-18 11:30
Core Insights - MAX Power Mining Corp. has identified a rare rock assemblage in Southern Saskatchewan's basement complex, believed to be associated with the first known deep subsurface occurrence of Natural Hydrogen in Western Canada [1][2] - The company has acquired exploration permits covering 1.3 million acres (521,000 hectares) and has an additional 5.7 million acres (2.3 million hectares) under application, indicating significant land holdings for Natural Hydrogen exploration [5][12] - A multi-well drill program is planned to target specific areas, with the aim of making the first commercial discovery of Natural Hydrogen [2][6] Company Developments - The geological team has developed a detailed geological model and a Prospect Ranking Tool (PRT) to guide the targeting strategy for drilling [5][7] - MAX Power's initial drilling will focus on the Grasslands Project, where a recent discovery of Natural Hydrogen associated with basement source rocks was made [13][15] - The company has appointed Shayne Neigum as VP-Exploration, bringing local knowledge and experience to support efficient drill targeting and field operations [23] Strategic Positioning - The Genesis Trend, a newly identified 200-km-long belt, features a compelling drill target based on seismic data and includes over 40 prospect leads for follow-up analysis [5][17] - The proximity to the Regina-Moose Jaw Industrial Corridor, Saskatchewan's first proposed Hydrogen Hub, provides valuable infrastructure and diverse routes to market [20] - MAX Power's land package formation and initial target delineation are backed by integrated geological models, emphasizing the potential for size, scalability, and sustainability in Natural Hydrogen production [7][21]
Verdagy Announces CEO Transition to Lead Company's Next Phase of Growth
Prnewswire· 2025-06-17 14:01
President of Verdagy, Rahul Bammi appointed CEOMOSS LANDING, Calif., June 17, 2025 /PRNewswire/ -- Verdagy, a leading green hydrogen electrolysis company, today announced a strategic leadership transition to accelerate its commercial expansion. After leading Verdagy as CEO for four years, Marty Neese is leaving to join Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) as CEO. Rahul Bammi, Verdagy's President since 2023, will succeed Neese as CEO."I am grateful to have led Verdagy from its spin-out origins to it ...
Plug Power Down 39% YTD: How Should Investors Play the Stock?
ZACKS· 2025-06-13 15:01
Key Takeaways PLUG stock has plunged 39% YTD amid declining hydrogen infrastructure sales and negative gross margins. Revenues rose 11.1% in Q1 2025, helped by stronger electrolyzer sales and materials-handling demand. Cash burn fell 50% year over year as PLUG launched Project Quantum Leap to drive $200M in annualized savings.Plug Power Inc. (PLUG) , a prominent name in the green hydrogen industry, has seen a 39% plunge in its stock price in the year-to-date period, underperforming the industry as well as ...
Plug Power Wins a Big Deal. Time to Buy the Hydrogen Stock?
The Motley Fool· 2025-06-13 07:20
Core Viewpoint - Plug Power is positioning itself as a leader in the hydrogen economy, focusing on expanding its integrated ecosystem and securing significant projects to drive growth and profitability in the coming years [1][16]. Expansion of Hydrogen Economy - Plug Power has expanded its partnership with Allied Green Ammonia, securing a deal to supply 2 gigawatts (GWs) of proton exchange membrane (PEM) electrolyzers for a $5.5 billion sustainable fuels project in Uzbekistan [3][4]. - This project aims to produce sustainable aviation fuel, green urea, and green diesel, with government backing from Uzbekistan [3]. Project Developments - The collaboration with Allied Green continues from a previous commitment to supply 3 GWs of electrolyzers for a green ammonia facility in Australia [4]. - A final investment decision (FID) for the Australian project is expected in Q4 2023, later than the initial Q2 expectation, with manufacturing and delivery of PEM electrolyzers planned for 2027 [5]. Growth Targets - Plug Power is targeting a 30% compound annual growth rate in its energy business and applications business through 2030, driven by its electrolyzer and cryogenic solutions [7]. - The company anticipates 2025 to be a transformational year, aiming for a positive gross margin run rate and significant annual savings through its Project Quantum Leap [8]. Financial Challenges - The company has faced challenges in financing its operations, with net cash used in operating activities amounting to $728.6 million in 2022, $1.1 billion in 2023, and $828.6 million in the previous year [10]. - To fund operations, Plug Power has raised capital through issuing new stock, leading to a significant increase in outstanding shares and a decline in stock price by over 90% in the past three years [11][13]. Funding and Future Outlook - Plug Power has raised $280 million by selling over 185 million shares and secured a $525 million credit facility, along with a $1.66 billion loan guarantee from the U.S. Department of Energy [14]. - Despite these efforts, the company does not expect to reach profitability until 2028, raising concerns about potential future dilutive equity issuances [15].
First Hydrogen Corp. Provides Update on Canada Postal Negotiations and Voting at the Company's 2025 Annual General Meeting
Newsfile· 2025-06-12 23:10
Company Update - First Hydrogen Corp. is advising shareholders to vote by internet or phone due to ongoing Canada Postal negotiations and the proxy cut-off time of 10 a.m. Pacific Time on July 16, 2025, ahead of the annual general meeting on July 18, 2025 [2] - Detailed voting instructions are available on the company's website and shareholders must contact Computershare Trust Company of Canada for a control number before voting [3][4] Company Overview - First Hydrogen Corp. is focused on zero-emission vehicles and green hydrogen production and distribution, with operations in Vancouver, Montreal, Germany, and London [5] - The company has designed and built two hydrogen fuel-cell-powered light commercial vehicles (FCEV) that are road-legal in the UK, having completed 6,000 km of testing and achieving a range of over 630 kilometers on a single refueling [5]
DiagnaMed Appoints John Karagiannidis as President & CEO; Fabio Chianelli Transitions to Director Role Strengthening Strategic Partnership with QIMC to Accelerate Natural Hydrogen Development in Ontario
Globenewswire· 2025-06-12 12:00
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- DiagnaMed Holdings Corp. ("”DiagnaMed” or “DMED") (CSE: DMED) (OTCQB: DGNMF), a Canadian technology innovator specializing in advanced hydrogen extraction technologies, today announced the appointment of John Karagiannidis as President and Chief Executive Officer, succeeding Fabio Chianelli, who is stepping down from his executive positions but will remain actively involved as a member of the Board of Directors. Mr. Karagiannidis In his continued role as President ...
This BlacRock penny stock has rallied 40% in a week
Finbold· 2025-06-11 12:21
Core Viewpoint - Plug Power has experienced increased investor confidence, particularly following a significant investment from BlackRock and positive developments in its business partnerships [1][4]. Group 1: Investment and Stock Performance - BlackRock disclosed a stake in Plug Power, holding just under 80 million shares valued at $107.5 million, indicating confidence in the company's long-term potential [1]. - As of the latest trading session, PLUG shares closed at $1.28, reflecting a 4.9% increase for the day and a 42% gain over the past month, although the stock is down 45% year-to-date [2]. - Wall Street analysts have set an average 12-month price target of $1.45 for PLUG, suggesting a 13% upside from current levels, with varying opinions among analysts [7]. Group 2: Business Developments - Plug Power is expanding its partnership with Allied Green Ammonia to supply hydrogen electrolyzer technology for a $5.5 billion green chemical facility in Uzbekistan, enhancing its role in global clean energy infrastructure [4]. - The company reported a first-quarter loss of $0.21 per share on revenue of $133.67 million, but sales of its GenEco electrolyzers surged 575% year-over-year [5][6]. - Looking ahead, Plug Power projects second-quarter revenue between $140 million and $180 million, exceeding analyst estimates [6]. Group 3: Analyst Sentiment - Among 20 analysts covering Plug Power, 12 rate it a 'Hold,' four recommend a 'Buy,' and another four suggest 'Sell,' reflecting mixed sentiment in the market [7]. - The most bullish analyst projects the stock could reach $3.50, representing over a 170% increase from its current price, while the most bearish projection estimates it at $0.50 [9].