Plug Power: Next Stop, $30?

Plug Power (PLUG) is a strange sort of business. In more than 20 years of operation, the hydrogen fuel cell company has sold a lot of fuel cell systems, but never earned a profit, and never generated positive free cash flow. Instead, Plug funds its operations mainly by issuing and selling new shares — over and over again. In fact, from 2000 to 2020, Plug’s share count has grown from 4.4 million to 399.7 million — i.e. grown 90x in size.But what a difference a pandemic makes, and what a difference (the hope for) a Green New Deal!As COVID-19 unhinged …read more

Source:: Yahoo Finance


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