Plug Power in pact with Edison Motors for mass-production of hydrogen-powered city buses

  • Edison International Motors, a Korean electric car manufacturer, signed an agreement with Plug Power (NASDAQ:PLUG) to develop and market a hydrogen fuel cell-powered electric city bus.
  • The deal is to develop prototypes of Edison International Motors' fuel cell electric city bus, equipped with Plug Power's 125kW ProGen fuel cell system in 2022.
  • Edison International Motors expects to mass-produce the fuel cell electric buses, tentatively named 'SMART 110F" and distributed in South Korea.
  • In addition, the companies will cooperate on future mobility applications, including trucks, drones, vessels, and PAVs.

    Over the current book year the total revenu from the company based in Latham will be 497.84 million USD (consensus estimates). This is rather significant more than 2021's revenue of 306.46 million USD.

    Historical revenues and results Plug Power Inc plus estimates 2021

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    The analysts expect for 2021 a net loss of 299 million USD. According to most of the analysts the company will have a loss per share for this book year of 53 cent. The price/earnings-ratio therefore equals -53.45.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the industrial companies equals an attractive1.62 percent.

    Plug Power Inc 's market capitalization is based on the number of outstanding shares around 8.59 billion USD. -13

    On Tuesday, the stock closed at 28.33 USD.

    Historical stock prices Plug Power Inc

    financial analysis plugpowerinc

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