NEW YORK, April 3, 2014 /PRNewswire/ -- Plug Power,
Inc. (NASDAQ: PLUG) is the subject of a new analyst research
report. Plug Power is a leading provider of alternative energy
technology focused on the design, development, commercialization
and manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market. The company is focused on
proton exchange membrane (PEM) fuel cell and fuel processing
technologies, as well as fuel cell/battery hybrid technologies. Its
product line includes PEM GenDrive products for sale on commercial
terms for industrial off-road applications with a focus on
multi-shift high volume manufacturing and high throughput
distribution sites. The company sells its products worldwide to
businesses, government agencies, and commercial consumers through
direct product sales forces, original equipment manufacturers, and
their dealer networks.
Energy is among the most important economic themes of our time
with investor interest rising exponentially over the years –
especially in the renewable and alternative energy sectors. These
renewable and alternative energies are transforming the world, and
will continue to do so over the long term. One such technology is
that of fuel cells, which convert hydrogen to electricity while
emitting only water vapor. Fuel cells work like batteries in the
sense that they use chemical reactions to produce electricity.
However, the difference between a battery and a fuel cell is that a
fuel cell can be charged with hydrogen gas instantly. Since fuel
cell-powered engines do not burn fuel, they are a quiet, efficient,
and pollution-free alternative to combustion engines. Market
research firm MarketsandMarkets estimates the global fuel cell
market to jump from $630 million in
2013 to $2.5 billion by 2018, which
represents a CAGR of approximately 32% over the next several years.
Over that time, shipments of fuel cells are expected to jump to 1.1
million units by 2018 from only 24,500 in 2012. Among the companies
poised to benefit from this growing market is Plug Power Inc.
(PLUG).
A full in-depth analyst report on PLUG that includes risk
factors, industry review, financial position, potential revenues,
review of current business model, competition breakdown, analyst
summary, and recommendation can be viewed by using the following
link at no cost:
http://bit.ly/PLUG-AnalystReport
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