Update on PLUG Power - The Hydrogen Leader


Just a couple of days before the company announced partnership with Airbus and oil giant Phillip 66 (PSX).
During the PLUG symposium it announced a series of important updates. If you are a PLUG Shareholder then it’s worth reading. This is a company expected to be dominant player in the Hydrogen revolution in next few years and very promising in my view. It could fluctuate a lot and road is not going to be straight up-word. But for the patient investors it could be a great investment with tremendous future potential. 

Update from PLUG Symposium which took Place on 10|14|21.
  • Establishing long-term 2025 guidance of $3 billion in annual sales
  • Updating 2022 sales guidance to $825-850 million
  • Executing a definitive agreement to acquire Applied Cryo Technologies, a leading provider of technology, equipment and services for the transportation, storage and distribution of liquified hydrogen, oxygen, argon, nitrogen and other cryogenic gases
  • Announcing partnership with Fortescue Future Industries for a 50-50 joint venture to build a Gigafactory in Queensland, Australia
  • Unveiling HyVia hydrogen fuel cell-powered van prototype in North America, to be highlighted in remarks from Luca de Meo, CEO of Renault Group, Plug Power JV partner
  • Confirming plan for 500 tons per day of liquid green hydrogen generation capacity by the end of 2025, which will include installing 13 green hydrogen plants by the end of 2025
  • Projecting ambitious electrolyzer sales of over 100 megawatts (MW) by 2022, which will generate 50 tons per day of green hydrogen

Disclaimer: This is purely my own Opinion and NOT an investment advice. Each investor must do their due diligence before buying any stock. 

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