Where Will Plug Power Be In 5 Years? Global And Profitable

Jul. 07, 2021 4:04 PM ETPlug Power Inc. (PLUG) StockPLUG60 Comments
Livy Investment Research
10.29K Followers

Summary

  • The hydrogen industry has garnered unprecedented interest in the past year due to global urgency in combating climate change through decarbonization.
  • The anticipated surge in demand for hydrogen means abundant growth opportunities for industry veterans, including Plug Power ("PLUG").
  • PLUG currently provides hydrogen solutions to the industrial sector and is working on extending its hydrogen fuel cell technology application to on-road electric vehicles and aircrafts in the long run.
  • The company is also committed to expanding its green hydrogen production capacity to 500 tons per day by 2025 and 1,000 tons per day by 2028 to support ongoing global decarbonization efforts.
  • Based on PLUG's current business plan, we are confident that the company will become profitable and global within the next five years, with promising upside potential of at least 45% to its price performance in the near term.
Ecology energy solution. Power to gas concept.
Petmal/iStock via Getty Images

The Leaders Summit on Climate that took place in April has been synonymous with an inflection point for global efforts towards climate change. Led by the Biden Administration, the U.S. has pledged to reduce greenhouse gas emissions by at least 50% below 2005 levels

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10.29K Followers
Livy Investment Research is an analyst focused on finding fundamental- and catalyst-driven long/short ideas in the tech sector. Key industries covered include big tech, electric vehicles and autonomous mobility, semiconductors, software, and AI.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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