Plug is building a gigafactory in South Korea -- but is this really news?

The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time. To top it all off are scores of other concerns. As I wrote back in July, dilution and its use of vendor financing remain big risks as well. Can this company overcome the aforementioned concerns again, and head even higher?

Key Points

Retail investors have already bid up shares, and may be getting ready to take profit. With this mind, sell Plug Power if you bought in at lower prices. BZ: How do you feel about your recent acquisitions? What does this vertical integration plan allow Plug Power to do? Marsh: First and foremost, we did it because customers actually wanted clean hydrogen.

Yet another analyst turns bullish on the stock after a new partnership.

And it was actually based on also having more than half of all hydrogen be generated by Plug Power. We are the biggest user of hydrogen as a fuel in the world. Today, we essentially buy and resell hydrogen. With the acquisition of United Hydrogen, we actually have the ability to build large-scale hydrogen plants.

BZ: How will you supply the transportation industry? Marsh: It's probably a little-known fact, but we have built more hydrogen stations than anyone else in the world. And if you were driving a Walmart truck, you could actually go from Lewiston, Maine, to Santa Clara, California, stopping at hydrogen stations that we have built. There was a simple reason why: the company never made any money. Despite deals with and investments by a few major customers, it took until the fourth quarter of for Plug Power to post just a quarterly profit even on an Adjusted EBITDA earnings before interest, taxes, depreciation and amortization basis.

But under new management, and with a new strategy, Plug Power finally seems headed in the right direction. The dot-com bubble helped as well, but PLUG rose tenfold before that bubble burst. Fuel cell vehicles are perfect for warehouse work. Refueling takes less time than battery charging, adding to efficiency.

Why did plug power stock go up today Video

Plug Power Stock Analysis, Trend Change?

Pity: Why did plug power stock go up today

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What to say to someone when their spouse passes away	2 days ago · Plug Power investors recognized that today, and boosted the stock as a result. 10 stocks we like better than Plug Power When our award-winning analyst team has a https://nda.or.ug/wp-content/review/travel-local/does-cvs-sell-computer-chargers.php. Oct 07,  · Today, in contrast, Plug Power is enjoying even bigger gains as its shares shoot up % through 11 a.m. EDT. Curiously, this time the news that's lifting the stock isn't Plug's news. Oct 27,  · Shares of Plug Power (NASDAQ:PLUG) popped % in early trading Wednesday after the fuel cell stock attracted a huge analyst upgrade following the announcement of a new partnership. Today morning.
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Long story short, today's rally seems to have been sparked by a press release that really just rehashes old news. With Plug Power's impressive sales guidance for and announced at its annual analyst event on Oct. Check back at Fool.

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