The Prognosis For Plug Power

Aug. 01, 2023 2:44 PM ETPlug Power Inc. (PLUG) StockPLUG52 Comments

Summary

  • Today, we spotlight Plug Power Inc., a company that provides comprehensive hydrogen fuel cell turnkey solutions.
  • Plug Power is seeing massive revenue growth.  However, the stock has a large short position, cash burn is an issue, and the analyst community is mixed on Plug's prospects.
  • Where does the stock go from here?  An investment analysis follows in the paragraphs below.
  • Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Hydrogen production from renewable energy sources and transportation.

Scharfsinn86/iStock via Getty Images

Power is dangerous. It corrupts the best and attracts the worst. Power is only given to those who are prepared to lower themselves to pick it up." - Ragnar Lothbrok.

Today, we put Plug Power Inc. (

Author's note: This is your chance to try us out – without any strings attached. Activate your two-week free trial period now and see if The Insiders Forum is right for you.

This article was written by

8.93K Followers

We are a team of analysts led by Bret Jensen, Chief Investment Strategist at Simplified Asset Management.

We run the investing group The Insiders Forum where we specialize in small and mid-cap stocks that insiders are buying. The Insiders Forum portfolio managed by Bret Jensen consists of 12-25 top stocks in different sectors of the market that are attractively valued and have had some significant and recent insider purchases. Our goal is to outperform the Russell 2000 (the benchmark) over time.

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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About PLUG Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PLUG

Related Stocks

SymbolLast Price% Chg
PLUG
--