Is Plug Power (PLUG) Stock a Buy, Sell or Hold in May?
Plug Power(PLUG) investorplace.com·2024-05-20 18:00
Pioneering in the hydrogen fuel cell tech for e-motors, Plug Power (NASDAQ:PLUG) is a game changer in the transportation sector. Despite concerns over its viability due to significant cash burn, the PLUG stock remains a speculative green energy gamble. The company has expanded hydrogen production, with plants in Georgia and Tennessee at full capacity and another in Louisiana expected to be completed by Q3 2024. To improve finances, PLUG implemented a plan to cut operational expenses by $75 million annually, ...