Plug Power Inc.
PLUGPlug Power Inc. is a provider of hydrogen fuel cell systems that convert hydrogen into electricity, primarily serving the material handling and stationary power markets. Founded in 1999 and headquartered in Latham, New York, the company focuses on developing clean energy solutions to replace conventional batteries and internal combustion engines in various applications, promoting sustainable energy infrastructure.
Company News
Plug Power secures a NASA contract to supply liquid hydrogen, marking a potential turning point for the company by validating its hydrogen technology and stabilizing its financial position through strategic capital raising.
Plug Power, a hydrogen technology pioneer, has seen minimal investment returns over the past decade. Despite significant operational expansion, the stock has remained nearly flat, with share value dropping from $100 to $98.63 due to consistent capital raising and share dilution.
Plug Power has priced a $375 million convertible senior notes offering, intending to use proceeds to repay secured debentures and repurchase existing convertible notes due in 2026.
Plug Power is raising $375 million through a convertible senior notes offering, intending to repay existing secured debentures and repurchase outstanding convertible notes due in 2026.
Hyster-Yale, Inc. is expected to report improved earnings for the second quarter of 2024, despite a decline in revenues. The company's Lift Truck segment is anticipated to see revenue and operating profit growth, while the Bolzoni and Nuvera segments are expected to have mixed results.
