Intuitive Machines & Plug Power: Space Navigation & Green Hydrogen

Intuitive Machines acquired KinetX, enhancing space navigation. Plug Power delivered a 10MW electrolyzer to Galp, a major green hydrogen project. RSI indicates stock strength.

Intuitive Machines Acquires KinetX

On Oct. 1, Instinctive Devices finished its formerly revealed purchase of KinetX, Inc. “By uniting deep room navigating and information services, we’re offering consumers the self-confidence to safely operate throughout the planetary system with accuracy and freedom so they can check out and innovate quicker,” said Intuitive Machines CEO, Steve Altemus. “With KinetX’s navigation know-how now paired with our lunar-proven spacecraft and information network, our company believe Intuitive Devices is placed to lead in cislunar room and carry that advantage onward to Mars.” The firm’s supply gained about 33% over the past month and has a 52-week high of $24.95.

Plug Power’s Green Hydrogen Project

Plug announced Wednesday that it provided its very first 10-megawatt electrolyzer to Galp’s Sines refinery in Portugal. The component is the very first of 10 for a 100MW environment-friendly hydrogen project, one of the largest in Europe. The business’s stock obtained about 90% over the previous month and has a 52-week high of $3.32.

The RSI is an energy indication, which compares a stock’s strength on days when prices rise to its toughness on days when rates drop. When contrasted to a stock’s rate activity, it can offer traders a better sense of how a stock may perform in the short term. A possession is normally thought about overbought when the RSI is above 70, according to Benzinga Pro.