–
Hydrogen car charging. Reuters Yonhap News
–
The share price of Plug Power, a hydrogen technology company listed on the US NASDAQ, surged more than 35% on the 7th (local time).
According to Nasdaq, the PlugPower share price closed at $47.29 per share, up 35.11% from the previous day. The news that SK Group has secured a 9.9% stake in Plug Power and has become the largest shareholder was a good news. SK Group invested $1.5 billion in Plug Power.
The previous day, SK and SK E&S said, “We have acquired a stake in Plug Power, which leads the global hydrogen business,” and that we will increase our influence in the global hydrogen market by combining the group’s business capabilities.
Established in 1997, Plug Power is a hydrogen specialized company with core technologies such as hydrogen fuel cell for vehicles (PEMFC), electrolyzer, which is a key facility for water electrolysis, liquefied hydrogen plant and hydrogen charging station construction. It also exclusively supplies hydrogen forklifts to retailers such as Amazon Wal-Mart.
It is headquartered in Latham, New York. The market cap is currently around $21 billion.
New York = Correspondent Cho Jae-gil [email protected]
–
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
–
