Under the agreement Plug Power will offer Praxair hydrogen to its U.S. customers that use its GenKey hydrogen fuel cell solution. The GenKey solution consists of GenDrive fuel cell units, GenFuel hydrogen fuel and infrastructure, and GenCare maintenance service.
"Our agreement with Praxair will enable us to offer the most reliable and economical hydrogen solution to our customers," Plug Power CEO Andy Marsh said in a statement. "Plug Power's emergence in the fueling business will simplify the transition to hydrogen fuel cells for material-handling customers."
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates PLUG POWER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PLUG POWER INC (PLUG) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: