NEW YORK, NY / ACCESSWIRE / March 19, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on Plug Power Inc. (NASDAQ: PLUG), an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets.
The company offers its products to distribution and manufacturing businesses, and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power deployed 1400 GenDrive units and three GenKey sites in the fourth quarter of 2017. The company completed nearly $125 million in new bookings in the quarter, bringing the 2017 total bookings to $285 million.
Read Plug Power Inc. market overview, key products and first quarter sales with no obligation: READ MORE.
Copy and paste to your browser may be required to view the report - http://bit.ly/2HEJ5NC-PLUG-Report.
The Senate's budget in February 2018 included Sen. Chuck Schumer's plan to retroactively reinstate and extend to 2022 the 30 percent Investment Tax Credit for fuel cells. It allows companies like Plug Power to reduce their income taxes by 30 percent of their investment in a fuel cell product, which helps customers defray the cost of switching over to the new technology.
The global fuel cell market size was valued at USD 3.21 billion in 2015. Favorable government regulations, ability to cut down emission rates and capability to make use of domestic sources of energy such as natural gas are some of the key factors likely to propel the demand for hydrogen power plants during coming eight years.
More about Plug Power Inc. analysts reviews, stock influences and company guidance with no obligation: READ MORE.
Copy and paste to your browser may be required to view the report - http://bit.ly/2HEJ5NC-PLUG-Report.
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