KGHG - Plug Power: There's No Bottom In Sight - Sell And Move On

• Plug Power's Q1 card was nothing short of a disaster, as it missed estimates on revenue and profitability. The company was impacted by natural gas costs and supply chain snarls.
• We believe that Plug's path to profitability by 2025 could be at significant risk. Furthermore, the Street analysts haven't proved that they could model its profitability accurately.
• We urge investors to get out of PLUG stock. The stock also broke below a key consolidation zone, with no bottom in sight.
• We revise our rating on PLUG stock from Hold to Sell.

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