The Company’s products and services serve the North American and European material handling markets, and primarily supports large to mid-sized fleet, multi-shift operations in high-volume manufacturing and distribution centers. The Company's products include GenDrive, GenFuel, GenCare, GenSure, GenKey, ProGen and GenFuel Electrolyzers. In addition, the Company manufactures and sells fuel cell products to replace batteries and diesel generators in stationary backup power applications. The Company delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, the stationary power market, and more. The Company is focused on proton exchange membrane (PEM), fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen and green hydrogen generation, storage, and dispensing infrastructure. is a provider of hydrogen fuel cell turnkey solutions. All rights reserved.Industrials : Electrical Equipment | Mid Cap Growth Company profile Benzinga does not provide investment advice. PreMarket Prep Stock Of The Day: JPMorgan If the decline were to continue based on the daily charts, the next support level comes in at its Sept. 4 low ($10.56). ET, it breached its September 8 low ($11.11), reaching $10.92 before bouncing back into the lower $11 handle. The Company is focused on proton exchange membrane (PEM), fuel cell and fuel. It has been straight down since the open and as of 12:30 p.m. is a provider of hydrogen fuel cell turnkey solutions. With that being said, the issue more than tripled over the last four months and this could be a much-needed pullback along with others in the sector or is the rally over. Moving Forward: It's never a good sign when an issue declines on good news, such as the case in today’s session. The first one being the company was advancing on its green hydrogen network to source 100% renewable energy for Brookfield Renewable in North America its plan to develop a green hydrogen network to using wind power for Apex Power and the signing of a MOU with Linde for the demonstration of fuel-cell-powered on-road vehicles. It lost the $13 level on Tuesday, falling to $12.93, and got whacked along with the rest of the sector on Wednesday declining to $12.08.ĭespite three positive announcements before the open, the issue is deep in the red. Market Headwinds: The issue ended last week at $13.56 and slipped on Monday to $13.36. The momentum took the issue to $14.35 in August and matched that high this month, reaching $14.20, but now is retreating with the overcharged sector. The rebound was muted, reaching $4.21 by the end of May, but nearly doubled in June to $8.21 as the electric vehicle phenomena kicked into high gear. Plug Power is building an end-to-end green hydrogen ecosystemfrom production, storage and delivery to energy generation. Participation from Market Makers and ECNs is strictly voluntary and as a result, these. ET) and the After Hours Market (4:00-8:00 p.m. After a strong start in 2020, it reached $6.05 in February but succumbed to market forces in March, falling to $2.53, and resumed it up move once again. Investors may trade in the Pre-Market (4:00-9:30 a.m. Good Times Are Here Again: In 2019 the issue grinded higher, peaking in November at $4.04 and retreated to end the year at $3.16. See Also: Plug Power CEO Andy Marsh On Why He Expects Fuel Cells To 'Dominate' By The End Of The Decade The reversal off the high didn't end until December 2018, when the issue fell to $0.99 and ended the year at $1.24. It mounted a major rally in 2014, reaching $11.72 on the heels of fuel cell mania that was sweeping Wall Street. The bear market culminated in February 2013 at $0.12 and one of its reverse-splits revived the issue.
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