Plug Power: Consider Selling The Rally


  • Plug Power Inc.’s shares have declined by 40% since the last article, but rallied on news of a $1.66 billion loan for hydrogen production plants.
  • The company’s high cost of ownership and maintenance issues with its PEM technology hinder profitability.
  • Plug Power’s aggressive expansion strategy and inability to turn a profit raise concerns about its long-term viability.

Industrial pressure gauge


Investment Thesis

Since our last article on Plug Power Inc. (NASDAQ:PLUG), its shares have declined by 40%, until today’s rally on news of a $1.66 billion loan designated for six new hydrogen production plants. We view

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