U.S.-based hydrogen player Plug Power risks Nasdaq delisting

U.S.-based hydrogen player Plug Power might be delisted from Nasdaq at the New York stock exchange after share price failed. Plug Power used to share the HYVIA joint venture with Renault. HYVIA had the target to manufacture and sell hydrogen-based commercial vehicles.

By Editorial staff

U.S.-based hydrogen player Plug Power might be delisted from Nasdaq at the New York stock exchange after share price failed to reach the minimum threshold of 1 dollar. Now, if the situation does not change for more than one month, the company will be automatically delisted.

Plug Power suffering the slowdown in hydrogen business

Also, according to specialized media platform Hydrogen Insight, the fuel cell maker shares “have lost almost half of their value in the past month”. Plug Power currently manufactures PEM electrolysers, fuel cells, H2 liquefiers and refueling station equipment, in addition to producing green hydrogen. Of course, Plug Power has been suffering from the slowdown in hydrogen business.

Plug Power used to share the HYVIA joint venture with Renault. HYVIA had the target to manufacture and sell hydrogen-based commercial vehicles, such as the Renault Master. Founded towards the end of the last decade, HYVIA ended its activity earlier this year.

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