Friday , January 15 2021
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Renault/Plug Power: what bubble?

Summary:
Today, in markets making absolutely no sense, here’s a press release from Plug Power -- a hydrogen and fuel cell company that managed to earn a paltry 7m in 2020’s third quarter.Groupe Renault, top automotive player, and Plug Power Inc. (NASDAQ: PLUG), global leader in fuel cell systems and hydrogen related services, announced the signature of a Memorandum Of Understanding (MOU) to launch a 50-50 joint-venture based in France by the end of the first half of 2021. This strategic JV will position Groupe Renault and Plug Power to become key players in Europe in the research and development (R&D), transformation, manufacturing and sale of fuel cell-powered vehicles and hydrogen turn-key solutions in the coming years. This joint-venture platform will serve the fast-growing

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