Professional
Added to YB: 2024-12-06
Pitch date: 2024-12-04
PLUG [bearish]
Plug Power Inc.
-10.48%
current return
Author Info
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Company Info
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally.
Market Cap
$3.1B
Pitch Price
$2.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.52
P/E
-1.09
EV/Sales
5.90
Sector
Electrical Equipment
Category
N/A
Plug Power (PLUG): Delays, Discrepancies, and Potential Bankruptcy Risks Ahead
PLUG short: DOE loan at risk due to understated water needs (1.7M gal/day vs 74,300 claimed) & bankruptcy risk. Expansion plans threatened, production far below targets (25t/day vs 500t/day goal). Multiple projects delayed/cancelled. Accounting issues in Part II. Republican scrutiny on DOE conflicts & losses.
Read full article (3 min)