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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: