Plug Power Expands Partnership with Uline: Hydrogen Infrastructure Boost & Q4 Earnings Potential [Video]

For More Plug Power News: https://www.hydrogenfuelnews.com/plug-power-news/ Plug Power (PLUG), a prominent player in the burgeoning green hydrogen industry, has announced an expansion of its partnership with Uline, a shipping and packaging supplies company. As part of the expansion, Plug Power will install an 18,000-gallon hydrogen storage tank and 17 hydrogen dispensers at Uline’s new campus in Kenosha, Wisconsin, powering four distribution centers on the campus. Additionally, Plug will provide Uline with 250 more fuel-cell forklifts. This move is expected to significantly bolster Uline’s material handling operations, emphasizing the efficiency and productivity benefits of hydrogen and fuel cell technology. Despite this positive development, PLUG’s stock has been struggling, down by over 30% so far this year. However, with the company set to report its Q4 earnings soon, there is a potential catalyst for a turnaround. This, combined with the company’s recent contract with an undisclosed major U.S. automobile manufacturer, may play a pivotal role in PLUG’s market performance in 2024.

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