Plug Power: Make Or Break Moment Fast Approaching
Summary:
- Plug Power investors are a resilient group. Those who bought at the 2021 highs and still staying around must know something that I don’t.
- The green hydrogen industry is a long-term game. But there’s no telling yet on whether Plug Power has the business model to last until then.
- Plug Power’s consistent unprofitability and potential for significant equity dilution raise concerns.
- Time is also running out on securing the $1.7 billion loan from the DoE as Donald Trump’s second term approaches next month.
- I argue why investors should think thrice when considering whether to invest in PLUG. Weigh your risk/reward with extreme caution.
Plug Power (NASDAQ:PLUG) investors who have not given up hope on the underperforming stock are arguably a highly resilient group of diamond hands. These core group of investors might feel there’s a pressing need to support a company that deals
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
A Unique Price Action-based Growth Investing Service
- We believe price action is a leading indicator.
- We called the TSLA top in late 2021.
- We then picked TSLA’s bottom in December 2022.
- We updated members that the NASDAQ had long-term bearish price action signals in November 2021.
- We told members that the S&P 500 likely bottomed in October 2022.
- Members navigated the turning points of the market confidently in our service.
- Members tuned out the noise in the financial media and focused on what really matters: Price Action.