Plug Power: Limited Progress Detected

Summary:

  • Plug Power continues to miss forecasts and faces significant financial stress, making it an unattractive investment despite potential in hydrogen products.
  • The company reported improved fuel margins, but the business still has negative gross margins.
  • The stock faces significant dilution risks, with the company reliant on restricted cash and inventory reductions to fund operations.

Concept of an energy storage system based on electrolysis of hydrogen in a clean environment with photovoltaics, wind farms and a city in the background. 3d rendering.

Petmal

Plug Plower Inc. (NASDAQ:PLUG) is back to old games of missing forecasts by a wide margin while guiding to huge future potential sales in a burgeoning hydrogen product portfolio. The stock has collapsed to just $2, but the company


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