Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Plug Power Loses Steam
Description
Who pulled the plug on Plug Power ($PLUG@US)? Shares of the hydrogen fuel cell company traded lower on above-average volume Wednesday during the company's annual business update call. The company updated investors about its pipeline and provided an outlook for the year. Plug Power CEO Andy Marsh told investors that if the company is able to reach revenue levels of $925 million, in 2022, it will position the company to reach its goal of $3 billion in revenue in 2025. "At Plug we dream big, and we plan to be a big winner as our customers in the world turn to hydrogen to reduce 20% of the world's global carbon footprint," Marsh said during the call. Plug Power's average session volume is about 21 million over a 100-day period, and Wednesday's trading volume exceeded 30 million. Plug Power is an innovator of modern hydrogen and fuel cell technology. The stock closed down 8% on Wednesday.
Keywords & Tags
#ev
#electric vehicle
#electric car
#inflation
#business
#CEO
#trading lower
#automotive industry
#economic recovery
#shares
#economic growth
#batteries
#Hydrogen fuel cell
#economic outlook
#Plug Power
#fuel cell technology
#business update
#Andy Marsh
#global carbon footprint
#hydrogen fuel cell products
#liquid hydrogen
#fuel cells
#electric fleet
#reduce carbon
#fuel cell energy
More from User
01:07
Gap Slashes Guidance
Benzinga
01:06
Musk Muddles SpaceX IPO
Benzinga
01:07
Waymo Hails Uber
Benzinga
01:11
Ripple CEO Praises Crypto Wins
Benzinga
01:00
BP Board Complaints
Benzinga
01:01
Tesla Leads BEV Market
Benzinga
Related Videos
00:57
BMW Hydrogen Fuel Cell Electric Vehicle, filling up hydrogen storage tank | AutoMotoTV
AutoMotions
09:11
Ford Edge Hydrogen Fuel Cell Plug-in Hybrid
driiver
26:36
CNET On Cars Car Tech 101: Another kind of electric car: Hydrogen fuel cell
Car tech
00:33
Gov't considers extending tax benefits on electric and hydrogen fuel-cell vehicles
Arirang News
00:40
Electric and hydrogen fuel cell vehicles to get 50% discount on highway toll charges
Arirang News
02:42
Hydrogen fuel cell car: How does it work and compare to electric car | Oneindia News
Oneindia