The presentation of the results of the H2IntraDrive project was not a sales event or press conference – it was both. On Nov. 23, 2015, the project partners as well as representatives of prospective new partners and some reporters gathered in the BMW factory in Leipzig to take a look at the results of two years of development. The important thing to take away from the event was:
Plug Power takes over HyPulsion
The HyPulsion joint venture has now been owned in full by Plug Power since August 2015. As announced by the American (USA) company on July 27th 2015, it has acquired all of the shares in its former partner Axane, a subsidiary of the gases company Air Liquide. The New York-based manufacturer of fuel cells paid … Read more
Plug Power: Home-made price weaknesses?
It may well be the case that Plug Power has itself triggered the fall in the price of its shares that occurred in recent weeks, as described in detail and substantiated by a report (Seeking Alpha dating from 2.9.2015). In detail: 1. The takeover of HyPulsion, the European joint venture with Air Liquide for US-$ 11.5 m. was settled in shares (6.4 m. units due to the fall in the share price instead of the originally planned 4.8 m. shares), whereby it had already been made clear that the Air Liquide subsidiary, Axane SA, would register these shares and sell them on the stock exchange. Plug would have been better off paying the US-$ 11.5 m.