Investing in penny stocks can be a tricky decision if you don’t understand what you’re getting involved with. There isn’t necessarily a secret to success yet expert traders will tell you that doing your homework is the best course of action when looking to buy penny stocks.
Having said that, there isn’t an investor around who doesn’t appreciate good advice when it’s available. Presently, companies in the energy industry are teeming with excitement. If you’re looking for potentially lucrative investments, it might be wise to pay close attention.
Several analysts have said that the energy industry is undergoing a rapid transformation. This is in response to new trends and the changing needs of consumers on a global scale. On a daily basis, innovative thinkers and doers conceptualize companies. They also put in the capital to make their ideas come to fruition.
The one unifier of all these companies is that they need the power to function. Luckily, there are several energy stocks among the greater industry which represent companies working to manufacture, refine, extract, and distribute energy to power the world’s industries.
Plug Power Inc (PLUG)
Investors looking to buy energy penny stocks should understand this market. The energy industry is growing at a rapid rate and sources suggest that now is the time to get involved, lest risking the loss of a first-mover advantage. Plug Power Inc (PLUG Chart) is an energy company providing energy solutions to help the world function better.
The Company recently announced the addition of Lipari Foods to its massive customer list in hydrogen-powered e-mobility. Through the use of Plug Power’s zero-emission hydrogen fuel cells, Lipari Foods will be able to double the usage of its material handling fleet. On top of this, Lipari won’t be using precious real estate for batteries, battery charging, and battery charging equipment.
The new partnership agreement between Plug Power Inc (PLUG) and Lipari will allow the food-processing company to green its facilities. Lipari will be reducing greenhouse gases, while achieving operational savings.
Following the announcement, Andy Marsh, CEO of Plug Power, expressed that “Lipari Foods is a new customer we’re proud to work with, and they really showcase what we can offer: a sustainable, clean, and more cost-effective power option for material handling needs than traditional methods.”
More PLUG Penny Stock News
Further to this, Plug Power (PLUG) announced another partnership deal on April 16th. This time it was with a Taiwanese electronic solutions manufacturer, Chung-Hsin Electric and Machinery Manufacturing Corporation or “CHEM”. This company manufactures things like motors, switchgear, generators, hydrogen generation and stationary fuel cell power systems.
What does this new deal entail? Plug Power will be working on the fulfillment end of this agreement. The company is taking care of orders for its proprietary 5kW ProGen hydrogen engines to CHEM. How does this further involve CHEM? The ProGen engines integrate directly into CHEM’s stationary power products for grid support and backup power applications. Following the news, PLUG stock is up another $0.10 from its April 15 lows of $2.43.