2024-05-14 16:04:58 ET
Summary
- Plug Power Inc.'s shares have declined by 40% since the last article, but rallied on news of a $1.66 billion loan for hydrogen production plants.
- The company's high cost of ownership and maintenance issues with its PEM technology hinder profitability.
- Plug Power's aggressive expansion strategy and inability to turn a profit raise concerns about its long-term viability.
Investment Thesis
Since our last article on Plug Power Inc. ( PLUG ), its shares have declined by 40%, until today's rally on news of a $1.66 billion loan designated for six new hydrogen production plants. We view this as a prime exit opportunity for those who missed our previous warning....
Read the full article on Seeking Alpha
For further details see:
Plug Power: Consider Selling The Rally