TSLA - Plug Power: A True Leap Of Faith Stock

2024-03-27 13:13:13 ET

Summary

• Plug Power Inc. has seen the value of its shares fall by some 95% since its peak in February of 2021.
• The company has seen a huge increase in its production capacity in recent years, but profitability is a long way off.
• Management has faith their vision will eventually be realized, and insiders have held onto their shares despite significant business challenges.
• Leadership has plans to radically reduce cash burn in FY2024 and improve margins.
• What's ahead for Plug Power and its beleaguered shareholders in 2024?  An analysis follows below.

It is amazing to me how much a frenzy there was around the alt-energy space. It was similar in some ways to the enthusiasm around the AI revolution. Except, the AI arms makers like Nvidia Corporation ( NVDA ), Super Micro Computer, Inc. ( SMCI ) and Advanced Micro Devices, Inc. ( AMD ) are immensely profitable. Something that has become quite hard to do in the alt-energy space....

For further details see: