Plug Power’s Strategy Looks Poised To Bear Fruit

Summary:

  • Plug Power’s strategy of profiting from the strong demand for green hydrogen is likely to succeed in the long term.
  • The firm should eventually generate positive gross margins from its fuel sales while also benefiting from the rapidly rising sales of its electrolyzers which are used to manufacture green hydrogen.
  • Plug is building new green hydrogen plants which will allow it to meet the rising demand for the fuel.

Image of hydrogen power generation

Hiroshi Watanabe

Plug Power Inc.‘s (NASDAQ:PLUG) strategy of eventually becoming profitable by selling large amounts of green hydrogen fuel and electrolyzers which are used to generate green hydrogen looks poised to succeed over the long term. Consequently, I recommend


Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLUG either through stock ownership, options, or other derivatives. 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.

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