Power plug stock2/21/2023 ![]() ![]() The company is relatively new: Buying into PLUG today helps you make as many gains as possible. The government is pushing green energy: If a Green New Deal passes, green energy firms will see an influx of workers, capital and interested investors. Green energy is a big topic of conversation: Any green energy firm you invest in will get a lot of press and have the opportunity to grow quickly. If you’re ready to be part of Plug Power’s green hydrogen roadmap, you should consider reasons to invest in green energy firms: Embrace a Powerful Trend with PLUG Stock. ![]() In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system - with returns rivaling even Warren Buffett. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Interest in alternative energy companies is only going to accelerate, and that is nothing but good news for Plug Power and its shareholders. I’m not expecting to see that triple-digit growth pace continue, but PLUG is a solid pick. PLUG stock is at 10-year highs and has posted 270% growth so far in 2020. The company is also expanding the application of its fuel cell technology with the release of new systems for the commercial drone market. It’s expanding into a new market with its deal with U.K. While the world was still in the grip of a pandemic, Plug Power delivered second-quarter earnings highlighted by a narrowing loss that handily beat expectations, along with record gross billings. One of the key reasons PLUG stock earns that coveted A rating in Portfolio Grader is its long-term growth potential. With liquid hydrogen fueling systems, this endurance advantage is extended to a factor of up to nine times.” With a compressed hydrogen fuel source, the system outperforms the average lithium battery in terms of endurance by a factor of three to four. “Plug Power’s lightweight and rugged new 1kW fuel cell system is specially designed to deliver extended flight endurance and run times under the most demanding operating conditions. It is looking to replace them with its new ProGen hydrogen fuel cell system. Plug Power is making a play to supplant the traditional lithium batteries drones us. The drones must land frequently for battery swaps, which take time. Operators must carry around mobile charge stations and collections of spare batteries. Batteries limit the amount of time a drone can remain in the air. Power has historically been a key challenge in drone operation. Commercial drones are helpful for a diverse range of applications in sectors including agriculture, entertainment and construction. ![]() However, it is looking to hit $10.74 billion by 2022. According to a report from Allied Market Research, the global market for commercial drones was valued at $2.15 billion in 2015. The commercial drone market is a niche that is quickly going mainstream. The market responded to the news, pushing PLUG stock to a 31% gain over the next week. This also gives it a bigger foothold in the European market. Landing the U.K.’s third largest supermarket chain means Plug Power now has the largest-scale deployment of hydrogen fuel cell technology in that country. It also reduces the downtime and space required by the previous battery-powered system. Making the switch achieves Asda’s goal of emissions-free distribution centers. Plug Power will essentially use its hydrogen fuel cell tech to power a lift truck fleet. The company will be supplying United Kingdom supermarket chain Asda with its full-service GenKey solution. Expanding to the United KingdomĪt the start of August, Plug Power made a big announcement. In fact, view the dip as a buying opportunity if you’re interested in adding PLUG to your portfolio. Sure, PLUG stock has been sliding recently, but that movement appears to be in sympathy with another hydrogen player. Importantly, subscribers to Portfolio Grader will see that PLUG stock earns an A rating.Īfter decades of struggle, environmental concerns have boosted demand for clean hydrogen power. It’s still not profitable, but the company is making big moves, signing new clients and positioning PLUG stock for long-term growth. ![]() It looks like Plug Power is finally hitting its stride. ![]()
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