Boston, MA 03/27/2014 (wallstreetpr) – The rising player in the market of clean energy i.e. Plug Power Inc (NASDAQ:PLUG) has recently revealed about the prospective order pertaining to Fuel Cell. Plug Power Inc. has carved out a niche in the market with the introduction of fuel cell thereby embarking towards exploring a huge potential market. Fuel cells are in demand for its salient feature of having potential to replace greenhouse emissions with a solution of clean energy generation. It’ll be exciting to see the performance on commercial platform. The initial boost and acceptance of the newbie can be gauged from the overwhelming order placed by Wal-Mart Stores, Inc. (NYSE:WMT) for a supply of 1.738 units of GenDrive fuel cells for its stores.
The latest hype is that the potential deal is with one of the leading global auto maker. Plug Power Inc (NASDAQ:PLUG)’s management hasn’t divulged details but the management confirms of sharing more information soon. Further, apart from working on the new innovative products, the company is also striving to improve the quality of its current products to amass more market shares and deals. The expected order for the year of 2014 is estimated to be nearly $150 million. This can be backed by the fact that in just initial three months, the company has secured $60 million. Such deals are just a glimpse of contracts and deals that are coming in way of Plug Power Inc. with huge possibility of more such deals.
What makes it more interesting is the fact that the prospects of the deal is causing stir in the stock market too. The leading evidence of the same is the tremendous growth marked in the price of shares witnessing a rise as high as $8.48 on March 25 thereby witnessing a gain of 49.03%. The technology of fuel cell to provide clean energy is here to sustain and expand. It will certainly raise the mercury of stock upwards with rapid sale and advancement.
