Of course there is Walmart itself, with more than 130 distribution centers and thousands of U.S. stores, but there are other potential customers as well. Bloomberg has suggested that Sysco Corp. (NYSE: SYY), Kroger Co. (NYSE: KR) and BMW are among interested customers.
Walmart already has 535 of Plug Power’s units in use, and last week’s order will add another 1,738 to that total, all at just a handful of distribution centers. Walmart also operates more than 4,600 stores in the United States, and each one of those has at least one forklift, and most probably have more. And then there are the more than 6,000 international stores and 160 international distribution centers.
Plug Power shares were up more than 17% shortly before noon on Tuesday to $6.82, after earlier posting a new 52-week high of $7.02. The 52-week low is $0.15. Shares are up more than 4,500% from that low!
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.