Boston, MA 03/05/2014 (wallstreetpr) – First, it was fellow Plug Power Inc. (NASDAQ:PLUG)‘s success to gain Wal-Mart Stores Inc. (NYSE:WMT) orders and now its Tesla Motors, which has driven the surge in alternative energy producer, ZBB Energy Corporation (NYSEMKT:ZBB)’s share prices on Wednesday.
Tesla’s Big Europe Plans
On Tuesday, Tesla Motors Inc (NASDAQ:TSLA) gave away another news that it is looking ahead to expand in Europe as it will open 30 new service centers, superchargers and stores in the continent in its bid to maintain its progress in the region. In Geneva Motor Show, CEO Elon Musk was affirmative to state that by the end of the year, almost every part of the continent will be linked with Supercharger. The new development is an addition to the electronic car maker’s last week’sground-breaking decision to built a gigafactory.
While Tesla Motors Inc (NASDAQ:TSLA)‘s recent series of decisions do not have benefits limited just to it, but to several other industries and one among them is the Fuel Cell Industry. The main reason is that the electric cars could boost their range through the use of hydrogen fuel cells, clear enough that any extension in markets of electric cars could eventually steer up the sales of fuel cells as well.
Plug Power’s Record Contract
Apart from Tesla Motors Inc (NASDAQ:TSLA), the fuel cell energy industry has also been able to draw most of the attention from the industry’s player Plug Power’s achievement to garner contracts from Wal-Mart Stores Inc. (NYSE:WMT).Wal-Mart, which already has Plug Power’s services in place at its centers, awarded contract three times bigger than the existing deployed at its locations. As per the terms of the contract, Plug Power Inc. (NASDAQ:PLUG) will be responsible to provide, install and service its hydrogen fuel cell solution at the retailer’s stores in North America. Analysts expect that the key accomplishment by Plug Power will fetch it more such deals in the near future.
And so, there has been no turning back for market players in the alternative energy space since the day this news emerged. Plug Power Inc. (NASDAQ:PLUG)’s success with Wal-Mart Stores Inc. (NYSE:WMT) highlights the landmark achieved by the industry as a whole to position alternative energy into the mainstream. Speaking of reasons for such a spark in the industry is essentially the huge space for these market players to thrive individually in this area. The positive feedback and remark flowing in from the analyst’s corner has also boosted the confidence of the investors.
