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Investor News

Sleeping Bear Capital Acquires Fuel Cell Manufacturer Adaptive Energy

By | Investor News, News | No Comments January 30, 2019
  • Sleeping Bear Capital acquires the fuel cell manufacturing business unit of Ultra Electronics
  • The division, now called Adaptive Energy, is the world’s leading maker of solid oxide fuel cells (SOFC) for back-up and portable power applications. Its fuel cell systems are powered by globally available and energy dense propane, butane, and natural gas
  • This acquisition is the first by Sleeping Bear Capital, a new technology-focused private equity firm. Sleeping Bear will support Adaptive Energy’s impressive growth trajectory by leveraging its operational and financial resources

McPhy Energy: FY 2018 revenue of €8 million, Drop attributed to Delayed Orders

By | Investor News, News | No Comments January 23, 2019
  • Confirmation of a 21% decline in FY 2018 revenue compared to FY 2017 due to delays affecting several orders
  • FY 2018 operating performance expected to show the impact of this top-line contraction
  • High rate of growth maintained in Europe, with revenue up 23% compared to FY 2017
  • Confirmation of a sustained commercial activity and a “qualified commercial pipeline”[1] estimated at over €80 million
  • Further business expansion expected in 2019

Plug Power Announces Daimler GenDrive Orders for the Fourth Quarter of 2018

By | Investor News, News | No Comments December 10, 2018

LATHAM, N.Y., Dec. 10, 2018 — Plug Power Inc. (NASDAQ:PLUG), a leading provider of energy solutions that change the way the world moves, announces an expansion of the deployed GenDrive fleet of hydrogen fuel cell systems with the receipt of 2018 fourth quarter orders for class 1, class 2, and class 3 GenDrive systems at the Daimler (Mercedes-Benz) manufacturing facility located in Vance, Alabama.

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