Seeking Alpha

Plug Power to develop fuel cell range extenders for FedEx trucks

  • Plug Power (PLUG) +5.4% premarket on news it will develop hydrogen fuel cell range extenders for 20 FedEx Express electric delivery trucks, allowing FedEx Express to nearly double the amount of territory the vehicles can cover with one charge.
  • The $3M project is funded by the U.S. Department of Energy.
  • PLUG has been on a tear, soaring 78% since its Jan. 2 announcement that it met Q4 2013 order targets and expected Q1 2014 bookings to meet or exceed Q4 bookings.
Comments (3)
  • Zorro Trades
    , contributor
    Comments (82) | Send Message
     
    Longs who have sat on their shares will continue to be rewarded. More and more hype and attention given to fuel cells (toyota's announcement last night) will only add fuel to the fire.

     

    This continues to be a long-term hold. Magnet to $5 on the way. Then watch out for double digits.
    7 Jan 2014, 08:07 AM Reply Like
  • Doewap
    , contributor
    Comments (919) | Send Message
     
    Nothing new about this, it has been known for weeks. Hydrogenics got a similar slice off the federal cake.

     

    Real news would be Amazon as a customer... That will take us beyond 5. Rumours abound.
    7 Jan 2014, 08:11 AM Reply Like
  • KennethW41
    , contributor
    Comment (1) | Send Message
     
    Refrigerated transportation is a sleeping giant.
    7 Jan 2014, 11:29 AM Reply Like
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