Plug Power, Renault launch JV to make hydrogen-powered vans this year

  • Plug Power (NASDAQ:PLUG) and Renault (OTCPK:RNLSY) say they have started their Hyvia joint venture to develop hydrogen-powered light commercial vehicles.
  • The companies envision Hyvia as the "first-to-market with turnkey hydrogen mobility solutions: light commercial vehicles with fuel cells, hydrogen charging stations, supply of carbon-free hydrogen, maintenance and management of fleets."
  • The JV plans to begin building three types of fuel-cell vans at existing Renault plants in France by the end of this year.
  • The three models will be based on the Renault Master platform of vans and use the same electric motors that now power the all-electric version of the Master.
  • "The objective, obviously, is speed - that's our first concern," Hyvia's CEO David Holderbach tells Bloomberg.

    For this year the company from Latham could earn a total revenue around 469.48 million USD. This is according to the average of the analysts' estimates. This is quite lower than 2020's revenue of -93.24 million USD.

    Historical revenues and results Plug Power Inc plus estimates 2020

    fundamantele data

    The analysts expect for 2021 a net loss of 135 million USD. According to most of the analysts the company will have a loss per share for this book year of 25 cent. Based on this the price/earnings-ratio is -122.32.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the industrial companies is a good 1.59 percent.

    Plug Power Inc 's market capitalization is based on the number of outstanding shares around 9.28 billion USD. The Plug Power Inc stock was the past 12 months quite unstable. Since last June the stock is even 527 percent higher. This year the stock price moved between 5 and 75 dollar.

    Historical stock prices Plug Power Inc

    stock graphs plugpowerinc

    On Friday the stock closed at 30.58 USD.

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