Hydrogenics (HYGS, US$9.50) already has that which Ballard is planning with Chinese firm CSR in the bag: the company is providing Alstom with FC technology for use in trains. Order value: minimum of US$50m. over a time frame of ten years.
In early May 2015, the company was also able to report a technological breakthrough with the presentation of the most powerful (more…)
The NASDAQ tower with Plug Power advertising (Source: Plug Power)
At first glance, the figures for the first quarter of 2015 turned out to be disappointing: a loss of US$11.1m. with a turnover of US$9.4m. (+ 69% compared with the same quarter in the previous year). However, Plug Power (PLUG, US$2.65) has also succeeded in generating an orders backlog of US$160m. (US$46m. in the 1st quarter, goal for this year: US$200m.). 265 GenDrive systems have been accounted for, while the accounting for a further 419 has been delayed to the second quarter. One H2 filling station has been accounted for while seven are to begin their duties in the second quarter (2014: 10 H2 filling station installation, there are to be more than 15 in 2015). As stated by the executive team during the telephone conference, the turnover is set to (more…)