Stocks to Buy based on the Best Stock Market Research
Plug Power Inc. (PLUG), a penny stock, is up 63% year to date and is one of the best performing penny stocks so far in 2011. I currently have no position either long or short. While PLUG stock is rocking, the chart is still a little iffy.
Plug Power Inc., a provider of alternative energy technology, involves in the design, development, and manufacture of fuel cell systems for industrial off-road markets and stationary power markets. The company develops and sells a range of fuel cell products and services, including hydrogen fuel cell low-temperature Proton Exchange Membrane (PEM) systems for motive and stationary power and a high-temperature fuel cell system for residential and light commercial co-generation.
Plug Power (PLUG) Recent News
COCA-COLA REFRESHMENTS TO USE PLUG POWER GENDRIVE FUEL CELLS AT CALIFORNIA BOTTLING CENTER
By eliminating battery infrastructure, Coca-Cola will improve energy efficiency and recover more than 2,000 sq ft of facility space
January 13, 2011 – Plug Power Inc. (NASDAQ: PLUG) and Coca-Cola Refreshments USA (NASDAQ: KO) announced plans for a new fleet of GenDrive™-powered Caterpillar lift trucks at Coca-Cola’s 250,000 sq. ft. bottling and distribution center in San Leandro, CA.
The GenDrive fleet at Coca-Cola’s facility will include 37 Class-1 sit down counterbalanced trucks. Previously using lead-acid batteries as a power solution, Coca-Cola is making the transition to GenDrive to take advantage of the increased productivity and improved space utilization offered by the technology.