Plug Power (PLUG) Is the Stock to Watch Today as It Unveils the HYVIA Hydrogen Van, Boosts Its Green Hydrogen Profile by Acquiring Applied Cryo Technologies

Plug Power (NASDAQ:PLUG), one of the leading manufacturers of hydrogen fuel cells, is garnering increased attention from investors as its shares have gained virtually 30 percent over the past 30 days and currently trading at a $32.02 toll level.

Hydrogen's office in the ongoing global electrification of transportation has remained quite controversial, with Tesla's (NASDAQ:TSLA) Elon Musk terming fuel cells a "big pain in the arse". Notwithstanding, hydrogen'due south proponents believe that the fuel has a disquisitional role to play in heavy-duty transportation and in promoting the reliability of renewable energy sources by storing the backlog energy in the form of readily accessible hydrogen. While much of today's hydrogen is produced from methyl hydride reforming, the industry'south focus is to movement toward green hydrogen that uses electricity from renewable sources to produce hydrogen via electrolysis – a process that splits h2o molecules into hydrogen and oxygen atoms. It is for this reason that Plug Power aims to build 500 metric tons of green hydrogen product chapters by 2025. However, this process to produce green hydrogen is quite inefficient, as was noted by a contempo newspaper:

"With a hydrogen fuel cell, you must first convert the electricity to hydrogen via electrolysis, which is only 75% efficient. The gas then must exist compressed, chilled, and transported, losing another x%. The fuel prison cell procedure of converting hydrogen dorsum to electricity is only sixty% efficient, after which you have the same 5% loss from driving the vehicle motor as for a battery-electric vehicle. The grand total is a 62% loss — more than iii times as much [as the loss generated from bombardment-powered vehicles]."

Regardless of the merits and demerits of hydrogen, the fuel conspicuously has a future, and companies such as Plug Power are leading the accuse.

This brings u.s. to the crux of the matter. Plug Ability shares are rocketing this week on the back of a series of high-profile developments. Kickoff, Morgan Stanley upgraded the stock yesterday with a $40 share toll target and an 'Overweight' rating. The analyst Stephen Byrd wrote in his investment notation that the company has "meaning upside" potential on the back of $iv billion in cash, several strategic partnerships under the chugalug, accelerating acquirement growth, and continuing legislative back up.

Next, Plug Power appear a strategic partnership with Airbus to report the potential of powering an shipping through greenish hydrogen. Acquit in mind that Airbus plans to innovate a zero-emissions airplane to the market by 2035.

Today, Plug Power announced its conquering of Applied Cryo Technologies without disclosing the terms. The company as well announced a fifty-50 joint venture with Fortescue Future to build "a 2-gigawatt manufactory to produce large-calibration proton exchange membrane, or PEM, electrolyzers, with the ability to expand into fuel cell systems and other hydrogen-related refueling and storage infrastructure in the future."

Additionally, Plug Power has unveiled its HYVIA hydrogen Renault Main Van H2-TECH paradigm today. The van is the first-of-its-kind hydrogen fuel prison cell-propelled vehicle for the commercial sector, providing a range of 300 miles and over 12 cubic meters of storage space.

Finally, Plug Power has at present raised its FY22 guidance, with the company now expecting to generate between $825 million and $850 meg in revenue during the upcoming fiscal twelvemonth, up from the previous guidance of $746 million. Crucially, by 2025, the company expects its annual revenue to compute at $3 billion.

Source: https://app.hypeequity.com/monitor

On the back of this plethora of developments, it is hardly surprising that Plug Ability shares are in the focus of retail investors today, with the stock currently featuring in the meridian-ranking category.

Source: https://wccftech.com/plug-power-plug-is-the-stock-to-watch-today-as-it-unveils-the-hyvia-hydrogen-van-boosts-its-green-hydrogen-profile-by-acquiring-applied-cryo-technologies/

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