Brookfield Renewable Issues $350 Million Green Perpetual Subordinated Notes einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Share:
Shares of
Plug Power Inc (NASDAQ: PLUG) closed over 4.3% higher in the regular and after-hours sessions on Tuesday.
What Happened: The spike in the shares came despite Piper Sandler analyst Pearce Hammond lowering the price target on Plug Power from $48 to $42. Hammond maintained his Neutral rating on the fuel cell company, the Fly reported.
The analyst reportedly said that, if the company achieves its “green” hydrogen production targets of 500 metric tons per day (TPD) in 2025 and 1,000 TPD in 2028, revenue could swell to $1 billion in 2025 and $2 billion in 2028 compared with the estimated 2021 revenue of $518 million.
The challenge for the New York-based company is that hydrogen is in the next stage of decarbonization unlike solar, wind, batteries, and electric vehicles, which are up for immediate adoption, according to the analyst.
(BEP), (BEPC) - What Is Going On With Plug Power Stock? benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Plug Power And Brookfield Renewable Move Forward With Green Hydrogen Plant In South Central Pennsylvania
Latham, NY (GLOBE NEWSWIRE) - Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen solutions, together with Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (“BEP” and, together with Brookfield Renewable Corporation (NYSE, TSX: BEPC), Brookfield Renewable ), which is, together with its institutional partners, an owner and operator of one of the world’s largest publicly traded pure-play renewable power platforms, today announced plans to build a green hydrogen production plant utilizing 100% renewable energy from Brookfield Renewable’s Holtwood hydroelectric facility as part of previously announced partnership. The plant will be located along the Susquehanna River in south-central Pennsylvania.
Brookfield Renewable Partners 2021 First Quarter Conference Call and Webcast for Investors and Analysts leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.