Referenced Stocks

Plug Power Establishes Joint Venture With Air Liquide

By Midnight Trader,  November 09, 2011, 11:54:37 AM EDT

Plug Power ( PLUG ) today announced that it will establish a joint venture with Air Liquide's subsidiary, Axane, to meet growing demand for PLUG's GenDrive fuel cell products across the European material handling market.

As part of the JV, PLUG will contribute a license to certain intellectual property rights for the initial European project territory; Axane will provide installments of cash over a period of five years. Plug Power's initial shareholding in the joint venture will be 45%, while Axane's will be 55%. Plug Power will have the opportunity to increase its majority stake in 2016.

Shares are up 2.30% to $2.22.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PLUG



Latest News Video

Police, Protesters Clash in Turkey Border Town
Police, Protesters Clash in Turkey ...
Why Is No One Talking About NOLA Mother's Day Shooting?
Why Is No One Talking About NOLA Mo...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%