Two of the nation's largest power generators said Thursday that they plan to begin switching their company cars and trucks to plug-in hybrid vehicles or all-electric vehicles starting Jan. 1 to help cut greenhouse gas emissions, according to Associated Press.
Free Hot Penny Stocks, an online financial publication, provides investors timely stock market alerts. Free hot penny stocks profiles stock picks that could generate higher returns than average. These penny stocks include stocks with news, chart breakouts or increased volume.
Sign Up Today for our Penny Stock Newsletter
The commitment by Duke Energy and FPL Group Inc. represents more than 10,000 vehicles and potential revenue of $600 million or more for manufacturers.
The goal is that by 2020, 100 percent of all new fleet vehicles will be plug-in electric vehicles or plug-in hybrid vehicles.
The companies say plug-in cars will reduce carbon emissions by up to 70 percent, 100 percent if a vehicle is charged by zero-carbon renewable energy sources, and lower fuel costs by 80 percent.
Duke has 4 million electric customers in five states and FPL is the parent of Florida Power & Light, which has 4.5 million customers in Florida.
Duke shares closed up 9 cents to $15.81 Thursday. FPL shares rose 7 cents $53.94.
Sign Up for Free Hot Penny Stocks’ FREE Penny Stock Newsletter.
About Us
Free Hot Penny Stocks is a financial website and independent electronic publication that provides information and free penny stock alerts on selected publicly traded companies. We also track small cap companies and other stocks that may be positioned to break out. These penny stocks might have news, increased volume or chart breakouts. These penny stocks that are alerted could generate greater than average returns. Feel free to visit our penny stock forum to discuss other penny stock picks or penny stocks that you might own.
Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
