Plug Power on the Brink of BANKRUPTCY?
The underlying theme of the Plug Power narrative has always been a quest to ramp up the production of green hydrogen to meet the growing demand and leverage revenue growth to profitability. While that narrative remains unchanged, the company struggles to cross the critical threshold, raising whether it can.
The government recently awarded $7 billion in grants to bolster the US hydrogen infrastructure and stocks, and even that event was not enough to offset weakness in Q3 results. The takeaway is that Plug Power remains on track to meet its production and manufacturing goals. Still, capitalization is an issue that will weigh on this market for the foreseeable future.
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Plug Power at tipping point; it’s make-or-break time for hydrogen
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