| Plug Power
Stock Attractive Addition to Long-Term Investment Strategies
LATHAM, N.Y.--Plug Power Inc.
(Nasdaq:PLUG), a leader in providing clean, reliable energy solutions,
announces their inclusion in the Russell 3000(r) Index. On June 13th, the
preliminary list of members was issued on the Russell website. The final
list became available on June 27th, one of the most highly-anticipated
and busiest trading days in the U.S. equity markets. Russell Indexes are
widely used by investment managers and institutional investors for index
funds and as benchmarks for investment strategies.
Annual reconstitution of Russell's
U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May,
ranking them by total market capitalization. Membership in the Russell
3000, which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000(r) Index or small-cap Russell 2000(r) Index
as well as the appropriate growth and value style indexes. Russell determines
membership for its equity indexes primarily by objective, market-capitalization
rankings and style attributes.
"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," said Andy Marsh, President
and CEO of Plug Power. "Our expectation is that investment managers and
institutional investors will hold Plug Power stock as part of their long-term
investment strategies."
The Russell 3000 also serves as the
U.S. component of the Russell Global Index, which Russell launched last
year. An industry-leading $4.4 trillion in assets currently are benchmarked
against Russell Indexes.
About Plug Power Inc.
Plug Power Inc. (Nasdaq:PLUG), an
established leader in the development and deployment of clean, reliable
energy solutions, integrates fuel cell technology into motive, continuous
and backup power products. The Company is actively engaged with private
and public customers in targeted markets throughout the world. For more
information about how to join Plug Power's energy revolution as an investor,
customer, supplier or strategic partner, please visit www.plugpower.com. |