The company's pedestal customers continue to increase and interest for its fuel cell material handling products and solutions continue to be robust. Its material handling business continues to show strength as it is making inroads in Europe and gaining new customers from the region. Apart from being able to supply itself and customers with green hydrogen, this helps to improve the margin profile for the company as it has the ability to dramatically lower the cost of doing business. This just goes to show you how far Plug Power is ahead of competition. It is building out a vertically integrated hydrogen offering, providing customers with comprehensive solutions for the hydrogen economy.īy the end of 2023, with its build out of green hydrogen production capacity, Plug Power will be the largest producer of liquid hydrogen in the world. I think that Plug Power is one of the best plays in the hydrogen space. I think that Plug Power ( NASDAQ: PLUG) is a good long-term hydrogen stock pick and this article aims to explain why. Which stock should investors pick if they are interested in investing in the hydrogen economy? I think one thing that I am seeing more these days is the acceptance of the fact that we do need green hydrogen in order to achieve our climate goals and for the governments around the world to achieve their net zero ambitions.Īs a result of sectors with emissions that are hard to eliminate, governments around the world are increasingly positive on the need for green hydrogen and thus, governments in countries all around the world like the United States, EU and many other countries are investing large amounts of money into green hydrogen.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |