If you’re thinking about investing in a stock that produces hydrogen fuel cells, you should consider investing in Plug Power Inc. This American company develops hydrogen fuel cell systems to replace batteries in vehicles and equipment. The company has facilities in Rochester, New York and Spokane, Washington. The company is expected to produce thousands of new hydrogen fuel cells per year.
The company’s shares trade on the NASDAQ in US dollars. The company has 2,249 employees and a trailing 12-month revenue of $597 million. You can buy shares in Plug Power by setting up an account with a brokerage firm and funding it with your own money. Once you have an account, you can research the stock by ticker symbol and name.
Plug Power has been raising capital to fund an ambitious buildout plan and has formed partnerships with other key industry players. While the company is still in its early stages, it has already started selling fuel cells for forklifts and has plans to expand into other industries. It is also developing hydrogen fuel cells for other purposes.
The company recently announced plans to expand its operations into the European region. This new facility will house its innovation center, engineering labs, and technical support and is expected to open at the beginning of 2022. In addition, Plug Power signed a joint venture agreement with the South Korean conglomerate SK Group, which will supply hydrogen fuel cells, hydrogen fueling stations, and electrolyzers to the Asian market.