- PLUG has achieved a following through partnerships on fuel cell powered forklifts (Amazon, Walmart) potentially light commercial vehicles (Renault) and emerging US and Spanish hydrogen networks.
- Investment by South Korean SK Group indicates a potential entry into the hydrogen-friendly South Korean market, with focus on stationary opportunities.
- Share price has waxed and waned due to announcements and then muted delivery.
- Plug Power is cashed up, but can it deliver and is it choosing the right focus or just using a scattergun approach to hydrogen? This leads to doubts that the share price will revisit $50 any time soon.
For further details see:
Can Plug Power Stock Rebound To $50? I'm Doubtful