Stock Monitor: Orion Energy Systems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free research report on Plug Power Inc. (NASDAQ: PLUG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PLUG as the Company's latest news hit the wire. On June 06, 2018, the Company announced that it is acquiring privately-owned American Fuel Cell (?AFC?), which is a premier developer of Membrane Electrode Assembly (MEA) technology, the key catalyst for fuel cells to create power. Fuel cells are the key power source for electric vehicles. The acquisition will allow Plug Power to expand its capabilities in developing key on-road applications using the MEA technology and fast track its plans to expand its offerings for the electric vehicles market, especially the electric truck market. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Orion Energy Systems, Inc (NASDAQ: OESX), which also belongs to the Technology sector as the Company Plug Power. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=OESX

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Plug Power most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PLUG

The financial details and other terms of the acquisition were not shared by the Companies.

Benefits of the Acquisition

Rochester, New York-based AFC is privately-owned Company that is developing novel fuel cell technologies. AFC's proprietary MEA technology combined with Plug Power's strong history of innovation and commitment to research and development (R&D) will allow Plug Power to get a competitive advantage in MEA design capability, as well as a specialized system knowledge for on-road applications. This will enable Plug Power to speed up its plans to expand into the electric vehicles market, especially the electric truck market which use fuel cell or electric powertrains.

As per a recent report by market research Company Frost & Sullivan, by 2025, the global light/medium/heavy-duty hybrid and full electric truck segments are expected to achieve annual sales of more than 2.25 million units. The North American electric truck market is expected to be dominated by fully-electric trucks with 53.3% of the market share, followed by plug-in hybrid with 30.7% and hybrid with 15.9%, by 2025. Rising awareness about cleaner solutions for transportation of goods and passengers, and regulations being put in place for reducing emissions is expected to push the demand for electric vehicles. This in turn will increase the demand for solutions such as fuel cell powertrains. To meet the future demand, Companies need to invest in creating innovative solutions using fuel cell technology.

Fuel cells can generate clean, efficient electricity and have high power density, extended range, and market-leading uptime due to rapid refueling. With the current deal, Plug Power acquires not only the AFC's facility in Rochester, but also its entire team. AFC's team consists of highly-skilled specialists with several years of experience from their work at General Motors in the areas of fuel cell, deployment of advanced technology for vehicle fleet projects, and MEA development for on-road applications. This will allow Plug Power to expand its knowledge and technology base in these areas.

The acquisition allows Plug Power to increase its operations in its home state of New York and it plans to create several new jobs at the Rochester facility.

Management Comments

Sharing his views on the acquisition of AFC, Andy Marsh, Chief Executive Officer (CEO) of Plug Power, said:

?The American Fuel Cell team is an unmatched group of bright thinkers who understand the potential of fuel cells in on-road applications. We're looking forward to working together to create a cleaner, more efficient future as on-road applications grow, and electric fleet vehicles increasingly become the norm.?

Daniel O'Connell, CEO of AFC, added:

?Joining Plug Power enables us to rapidly expand not only our research, development, and manufacturing efforts, but also provide a significant impact in the application of our commercially viable, innovative system solutions to product in the field.?

About Plug Power Inc.

Latham, New York-based Plug Power is a leading provider of energy solutions using hydrogen and fuel cell technology. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs, and reduce carbon footprints in a reliable, cost-effective way. The Company replaces lead acid batteries with proven hydrogen and fuel cell products to power electric industrial vehicles, such as the lift trucks used by customers at their distribution centers.

Plug Power has extended its market reach across the on-road electric vehicle market via its ProGen platform of modular fuel cell engines. ProGen engines provide robust and cost-effective solutions with industry-leading performance, reliability, and time to market to OEMs looking to adopt sustainable fuel cell power. More than 6,000 ProGen engines operate in Plug Power GenDrive and GenSure units today around the world, supporting some of the most rugged operations in the world.

Stock Performance Snapshot

June 07, 2018 - At Thursday's closing bell, Plug Power's stock marginally dropped 0.54%, ending the trading session at $1.85.

Volume traded for the day: 1.55 million shares.

Stock performance in the last month ? up 0.54%

After yesterday's close, Plug Power's market cap was at $392.22 million.

The stock is part of the Technology sector, categorized under the Diversified Electronics industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you?re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

SOURCE: Active-Investors