|Bid||501.60 x 0|
|Ask||530.00 x 0|
|Day's range||510.00 - 525.80|
|52-week range||4.97 - 587.33|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||12.97|
|Earnings date||29 Jul 2021|
|Forward dividend & yield||0.24 (4.51%)|
|Ex-dividend date||22 Apr 2021|
|1y target est||652.67|
Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) surged 5% in morning trading on the Nasdaq Thursday before turning tail and giving back all its gains -- and more. In 1:40 p.m. EDT trading, Plug stock is actually down nearly 2%. This morning, Plug Power announced that it is teaming up with British industrial powerhouse BAE Systems (OTC: BAES.Y) to supply the latter with "hydrogen-based electric propulsion systems" for buses built by BAE.
Driving ahead in pursuit of growing the hydrogen economy, Plug Power (NASDAQ: PLUG) is partnering with BAE Systems (OTC: BAES.Y) to develop hydrogen-powered electric buses for the North American market. Plug Power announced today that it will provide its ProGen fuel cell engines to BAE Systems, which will incorporate them into its smart electric-drive systems. The integrated powertrains will then be delivered to original equipment manufacturers of heavy-duty transit buses in North America.
Britain's biggest defence contractor BAE Systems is facing mounting criticism for handing its chief executive an extra 2 million pounds ($2.8 million) to convince him to stay after another bluechip company tried to poach him. Institutional Shareholder Services (ISS) recommended that investors vote against BAE's remuneration report, joining another shareholder adviser group, Glass Lewis, which earlier in April also recommended opposing it. ISS said in its note that the extra pay awards given to BAE Chief Executive Charles Woodburn were "well outside market norms".