- 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.
For further details see:
Plug Power: There's No Bottom In Sight - Sell And Move On