![]() Our proven model does not conclusively predict an earnings beat for Plug Power this time around. The consensus mark for revenues from fuel delivered to customers and related equipment indicates more than 100% surge from the third-quarter 2022 reported figure. The Zacks Consensus Estimate for net revenues from Power Purchase Agreements hints at a 37.6% rise from the sequential quarter’s reported number.Īn increase in the number of sites with fuel contracts is likely to have boosted revenues from fuel delivered to customers and related equipment. Revenues from Power Purchase Agreements are expected to reflect a sequential increase on the back of new sites for existing customers and new customers accessing the PPA solution. ![]() The consensus mark for revenues from services performed on fuel cell systems and related infrastructure suggests a 68.8% surge from the previous quarter’s reported figure. ![]() The Zacks Consensus Estimate for revenues from sales of fuel cell systems, related infrastructure and equipment indicates an increase of 69.6% sequentially.Įxpanding customer base is expected to have driven revenues from services performed on fuel cell systems and related infrastructure. ![]() The benefits of these acquisitions are likely to get reflected in revenues from sales of fuel cell systems, related infrastructure and equipment. However, the acquisitions of Applied Cryo (November 2021), Frames Holding (December 2021) and Joule Processing (January 2022) are expected to have boosted the company’s performance. High commodity costs due to inflationary pressure, and costs associated with supply-chain issues, including logistics, procurement, manufacturing costs and fuel costs, are likely to have weighed on Plug Power’s fourth-quarter performance. With our partner Plug, we are accelerating to deploy hydrogen mobility on the roads.Plug Power, Inc. “HYVIA continues to move forward in Europe and is proud to test drive again its hydrogen van Renault Master Van H2-TECH in Spain. JOSÉ LUIS CRESPO, PLUG GENERAL MANAGER OF APPLICATIONS & GLOBAL KEY ACCOUNTS This is why we have chosen Barcelona, Madrid and Zaragoza to present the van to sustainably conscious customers.” Spain is a strategic country for Plug with a great potential for hydrogen. We presented in Spain the results of this partnership – the Renault Master Van H2-TECH. We combined Renault’s automotive leadership with Plug’s hydrogen technology. “Two years ago Renault Group and Plug joined forces in the HYVIA Joint Venture to create the leader in fuel cell light commercial duty vehicles in Europe. The company is headquartered in Latham, New York.įlashback on HYVIA and Plug events in Spain with Renault Master Van H2-TECH on test drive : have a look to this video with José Luis Crespo and Julien Etienne! provides turnkey hydrogen fuel cell solutions for the stationary power and electric mobility markets in North America and Europe. State location: NY | State of Inc.: DE | Fiscal Year End: 1231 SIC: 3620 - ELECTRICAL INDUSTRIAL APPARATUS GenDrive units occupy the same space designed for conventional batteries. It allows hydrogen-powered forklifts to run at a constant steady power compared to conventional batteries, which experience "droop" in their output towards the end of a shift. Plug Power's GenDrive system integrates fuel cells manufactured by both Plug Power and Ballard Power Systems and incorporates a hydrogen storage system that allows the system to "recharge" in a matter of minutes as opposed to several hours for lead-acid batteries. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, New York. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
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