2024-06-24 06:19:52 ET
Summary
- Plug Power constantly fails to meet financial expectations, despite potential in green hydrogen.
- The conditional DoE loan amounting to $1.66 billion won't solve the operational problems with the business.
- Investors should avoid PLUG stock due to dilution risk from the massive cash burn levels.
Plug Power Inc. ( PLUG ) continues to fail majestically despite the big opportunity ahead in green hydrogen. The financial prospects of the company won't be helped by a large government loan, and the initial excitement has quickly disappeared. My investment thesis remains Bearish on the stock, despite the potential for strong support at the current price....
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Plug Power: Still Big Holes To Plug