Additionally, with an average price target of $20.34 by these experts, PLUG’s growth trajectory turns more promising. Despite this turbulent economic environment plagued by COVID-19 uncertainty, there is an upswing sentiment among investors about Plug Power’s growth potential as the demand for sustainable alternative energy has surged worldwide.Ī wide range of equities analysts have verified Plug Power’s stock market potential by rating it as ‘Moderate Buy’ based on Bloomberg data analysis. Shares of PLUG opened at $9.52 on Friday with a one-year low of $7.39 and a one-year high of $31.56.
The fuel cell systems are designed to replace lead-acid batteries used in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses, which have resulted in the enhanced efficiency of operations. As a result, the company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America.Plug Power (NASDAQ:PLUG) is a leading provider of alternative energy technology that has gained significant traction in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. Congratulations to our partners in Camden County, and thank you for your efforts to help bring jobs to Georgia that positively impact our economy and our environment.” “Georgia is a great place to do business, and because of that, we continue to attract the jobs of the future,” said GDEcD Commissioner Pat Wilson. “Many thanks to Plug Power for choosing to invest in Georgia, and for helping bolster our green technology ecosystem. We are grateful for the cooperation between the partners, as this type of forward-thinking collaboration is what makes projects work in Southeast Georgia.” To structure a package that is beneficial for the company and the community. Plug Power is also working closely with local and state authorities as it moves forward with the project, including Camden County Joint Development Authority, the Georgia Department of Economic Development and the City of Kingsland.Įxecutive Director of the Camden County Joint Development Authority James Coughlin said, “We were excited when approached by Plug Power and Okefenoke REMC to consider Camden County as a potential location, and pleased Partnering with Plug Power is a significant investment in, and benefit to the OREMC membership collectively, but also the communities we serve by helping to fuel economic development.” “Plug Power has signed a Purchase Power Agreement with us to provide the renewable energy needed to power the plant, which will make them our largest consumer-member with a 47.5 MW load when the plant is fully built out. “We are pleased to be able to partner with Plug Power,” stated OREMC CEO John Middleton. Plug Power is investing $84 million in the facility, which is expected to create at least 24 jobs in the local community starting in 2022. The plant will be located in the Camden County Industrial Park and produce 15 tons per day of liquid green hydrogen, using 100% renewable energy from OREMC and intended to fuel transportation applications, including material handling and fuel cell electric vehicle fleets. “Investing in Camden County is the right choice to support Plug Power’s continued growth.”
“With this hydrogen production plant, we are expanding our green hydrogen network to provide zero-emissions fuel to customers in Georgia and across the Southeast,” said Andy Marsh, CEO of Plug Power. They will be building a green hydrogen production plant in Camden County, Georgia, to serve customers across the southeastern United States. (NASDAQ: PLUG), a leading provider of hydrogen solutions. OREMC is pleased to welcome our newest business/industrial consumer-member Plug Power Inc.
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