Plug Power Inc (PLUG)

[Good Timer]

JB- I think you expect too much from a company that has already undertaken the challenge of changing the way the world powers itself.

From reading the press release on the EnergyOr acquisition, I don't see them promising to send drones to market. Instead, I see them promising to "integrate small, ultralightweight fuel cell technology into its already robust portfolio of ProGen hydrogen fuel cell engines in a capital efficient manner....further enhancing Plug Power to position as a comprehensive hydrogen fuel cell solutions provider for the future needs of logistics applications."

Further, Andy says, "It’s a natural progression for us to take our innovative technology and what we have learned in the material handling and e-mobility spaces and apply that to other industries that will thrive with HFCs. EnergyOr is the expert in the UAV fuel cell market, and we are excited to incorporate their technology and expertise as part of the Plug Power team.
https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2019/Plug-Power-Announces-Acquisition-of-EnergyOr/default.aspx

So, no. I don't see them ever intending to operate a drone business (or a car, truck, bus, or airplane business, for that matter). As they stated, they bought EnergyOr to help them understand and engineer the hydrogen powered drone business.

The purchase appears to have been successful, as is shown by yesterday's news of that HevenDrones intends to include Plug Power's fuel cell stack technology and systems capabilities in their next generation of heavy lifting drones. https://finance.yahoo.com/news/plugpower-enters-alliance-hevendrones-commercialise-162236960.html

Even if some don't consider it news, it's still another win for Plug Power...and I'll happily take it.