Plug Power Inc. (PLUG) Joins the Russell 3000 Index, Leveraging Investor Awareness
Posted on Monday, June 30th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to WatchPlug Power Inc. (Nasdaq: PLUG) is making advances in fuel cell technology, and today announced its advancements in the stock market. The company was included in the June 13, 2008 preliminary list of Russell 3000 Index members.
The Russell’s indexes represent 4,000 of the largest U.S. stocks as of the end of May. Plug’s inclusion in the Russell 3000 remains in place for one year, and includes automatic inclusion to the small cap Russell 2000 Index as well.
“We’re pleased that Plug Power was included in the Russell 2000 Index of small-cap companies, further validating our leadership position within the fuel cell sector. We believe the inclusion will raise the visibility of our stock specifically, and alternative energy stocks in general, within the investor community,” Andy Marsh, president and CEO of Plug Power stated in the press release. “Our expectation is that investment managers and institutional investors will hold Plug Power stock as part of their long-term investment strategies.”
Plug focuses its operations on the integration of fuel cell technology and motive, backup power products, targeting both private and public customers around the world. The company’s Proton Exchange Membrane (PEM) fuel system, GenCore, provides back-up power to businesses and governments with critical infrastructure.
GenDrive is the company’s hydrogen powered PEM, providing motive power to light industrial vehicles. In addition, Plug is developing software and hardware accessories for custom interface solutions, as well as natural gas or liquid petroleum gas fueled power systems for commercial and residential applications.
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- Omnicity Corp. (OMCY.OB) Announces Addition of New Board Member - November 20th, 2009
- Muscle Flex, Inc. (MFLI.PK) Announces Release Time for the BUDDY Tablet Caddy Two-Minute Commercial and Landing Page - November 20th, 2009
- Artfest International, Inc. (ARTS.OB) Announces Revenue Profit Jumps - November 20th, 2009
- Omnicity Corp.’s (OMCY.OB) Recently-Issued Corporate Update - November 20th, 2009
- Soligenix Inc. (SNGX.OB) Taking Steps to Meet Challenges of Vaccine Technology and Biological Warfare - November 20th, 2009
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.