Plug Power Inc. shares are trading higher Tuesday, after the company said it expanded its GenKey offering to enable fuel cell adoption for warehouses that operate fewer than 100 electric forklifts.
“For the first time, this segment of the forklift market, representing more than 25% of all forklifts sold in the U.S., will have access to cost-effective hydrogen fuel cells and the increased productivity they unlock,” the company said.
At 3:40 p.m. ET, shares had risen 6.64% to trade at $11.56.