Plug Power Stock Price, News & Analysis

Plug Power Inc. (NASDAQ: PLUG) has signed an agreement with Brookfield Renewable Partners (NYSE: BEP) to source 100% renewable energy for its upcoming green hydrogen production plant in North America. This facility aims to produce around 10 tons of green liquid hydrogen daily, supporting the company's goal to have over 50% of its hydrogen supplies from renewable sources by 2024. The partnership marks a significant step in Plug Power's strategy to enhance its hydrogen generation capabilities and contribute to a zero-carbon economy valued at $2.5 trillion by 2050.

Plug Power (NASDAQ: PLUG) has partnered with Universal Hydrogen to develop the first commercial turboprop aircraft powered by hydrogen fuel cells. The collaboration aims to create a viable hydrogen fuel cell-based propulsion system, enhancing the range of regional aircraft up to 1,000 km, covering over 90% of current routes. The initiative includes testing a full-scale powertrain prototype, with regulatory approval expected by 2024. This venture further solidifies Plug Power's footprint in the hydrogen economy and showcases its commitment to innovate in the aerospace sector.

Plug Power, a leading provider of clean hydrogen fuel cell solutions, will hold its second annual Plug Symposium on September 24, 2020. The event aims to foster dialogue on sustainable solutions in the green hydrogen economy, featuring industry experts and Plug Power's leadership. CEO Andy Marsh highlighted the company’s progress toward achieving $1.2 billion in annual gross billings and $250 million in adjusted EBITDA. Attendees can expect insights on market growth and Plug Power's strategic plans, with registration available until September 23.

Plug Power announced the pricing of an offering of 30,675,000 common stock shares at $10.25 each, with a 30-day option for underwriters to purchase an additional 4,601,250 shares. The offering, expected to close by August 14, 2020, is managed by Morgan Stanley and co-managed by Barclays, Roth Capital Partners, Craig-Hallum Capital Group, and H.C. Wainwright. This offering is in accordance with an automatic shelf registration statement filed with the SEC. Proceeds will be used to enhance Plug Power's hydrogen fuel cell solutions and expand its market presence.

Plug Power announced a registered public offering of $300 million in common stock, with a potential additional $45 million from the underwriter. The company plans to utilize the proceeds for working capital and general corporate purposes, including capital expenditures and potential acquisitions, but has not specified any particular use or agreements. Morgan Stanley is the sole underwriter for the offering, which is conducted under an automated shelf registration statement with the SEC. This offering does not constitute an offer to sell or buy Plug Power's shares in any jurisdiction where it would be unlawful.

Plug Power has released its second quarter results for 2020, highlighting its role as a leading provider in the hydrogen fuel cell industry. The company announced significant advancements in e-mobility, deploying approximately 35,000 fuel cell systems globally. With a focus on sustainability, Plug Power is committed to expanding into zero-emission vehicles and robotics. The earnings call is scheduled for August 6, 2020, at 10:00 am ET, with a playback available online afterwards. For detailed insights, the shareholder letter can be accessed on their investor relations page.

Plug Power Inc. (NASDAQ:PLUG) will announce its second quarter 2020 results on August 6, 2020, with a live conference call and webcast scheduled for 10:00 am ET. The company is a leader in hydrogen engine and fueling solutions, actively contributing to the zero-emission e-mobility sector. Plug Power claims to have deployed over 32,000 fuel cell systems, making it the largest buyer of liquid hydrogen and establishing a hydrogen highway across North America. The company continues to expand into new markets, leveraging its comprehensive solutions for notable customers like Amazon and Walmart.

Plug Power Inc. (NASDAQ: PLUG) announced that it will host a business update conference call on June 23, 2020, at 1:00 pm ET. CEO Andy Marsh will discuss recent acquisition activities and vertical integration efforts in the hydrogen industry. Plug Power is a leading provider of hydrogen fuel cell solutions, having deployed over 32,000 fuel cell systems and becoming the largest purchaser of liquid hydrogen globally. The company is expanding its market reach into zero-emission vehicles, robotics, and data centers while emphasizing its comprehensive GenKey solution to serve notable clients like Amazon and Walmart.

Plug Power (NASDAQ: PLUG) has been named to Food Logistics' Top Green Providers list for 2020, marking its fourth consecutive year on the list. The company plays a significant role in the clean hydrogen economy, powering 30% of retail food and grocery logistics in the U.S. during the COVID-19 pandemic. Plug Power's hydrogen fuel cell solutions enhance sustainability in logistics, with over 32,000 fuel cell-powered forklifts completing more than 27 million hydrogen fills. The company aims to expand its clean energy solutions across various sectors, including zero-emission vehicles.