Plug Power (PLUG) Installs Electrolyzer at Amazon Facility

From NASDAQ.:

– Plug Power Inc. recently installed and commissioned a one-megawatt proton exchange membrane electrolyzer at Amazon.com, Inc.’s Aurora, CO-based fulfillment center. The system can generate hydrogen to power over 225 hydrogen fuel cell-powered forklift trucks and has been installed in more than 80 Amazon fulfillment centers across North America.

– Despite recent successes, the PLUG stock has declined 61.5% in the past year. However, other companies in the Industrial Products sector, like Flowserve Corporation and Applied Industrial Technologies, Inc., have seen significant increases in stock performance and currently carry a Zacks Rank #2 (Buy).

– If you’re interested in the top stocks for 2024, you can learn more from Zacks Investment Research. They offer a range of free reports on Amazon.com, Inc., Flowserve Corporation, Applied Industrial Technologies, Inc., and Plug Power, Inc. You can also sign up to get early access to the top stock picks for 2024 on January 2.



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