Renault and Plug Power have inked an MoU to launch a 50-50 joint-venture based in France by the end of the first half of 2021, targeting a more than 30% share of the fuel cell-powered light commercial vehicle market in Europe. related to Commercial vehicles, M&A and JV deals, Megatrends, Service suppliers/supply chain, Renault S.A., Renault,
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The coming year will be big for hydrogen-based technologies and bring with it plenty of good news for shares of Ballard Power Systems, a Raymond James analyst predicts.
In a Monday report, analyst Michael Glen described 2021 as a “watershed moment in the history of the hydrogen economy.” He expects an accelerating number of hydrogen-related announcements by companies and countries regarding hydrogen technology and its ability to wean the world off fuels that generate carbon dioxide. .
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Buy Ballard Stock Because 2021 Could Be Big For Hydrogen Technologies
The coming year will be big for hydrogen-based technologies and bring with it plenty of good news for shares of Ballard Power Systems, a Raymond James analyst predicts.
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Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday. Wall Street, however, isn’t the big reason shares are higher. That’s due to another partnership Plug announced with a global vehicle maker.
Tuesday, Plug (ticker: PLUG) signed a memorandum of understanding with Renault (RNO.France). The pair plan to form a joint venture to develop hydrogen-fuel-cell-powered light commercial vehicles.
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Plug Power Stock Gains 14% as Hydrogen-Powered Vehicles Gain Momentum
Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday.
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Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell.
Here’s what we’re watching as markets kick into gear on Tuesday.
U.S. stock futures edged higher Tuesday, suggesting major indexes will resume their recent climb after a slide in technology shares weighed on markets at the start of the week. Read our full market wrap here.
What’s Coming Up Home builder KB Home will deliver its quarterly earnings report after markets close. Live Q&A: Join WSJ chief economics correspondent Nick Timiraos for an interview with the St. Louis Fed’s James Bullard. Bullard at 1 p.m. ET. The U.S. job openings and labor turnover survey for November is out at 10 a.m.