Renewable Energy Stocks Surge Higher Following Plug Power's $1.66 Billion Loan Guarantee
Tuesday, 14 May 2024, 19:31
Plug's plans
Plug hailed the Department of Energy award as "a major milestone in the U.S.'s commitment to advance the development of large-scale hydrogen production, processing, delivery, and storage," saying it "also underscores the application of green hydrogen to help meet decarbonization goals across multiple sectors of the economy."
Should you buy FuelCell, Bloom Energy, or Clean Energy Fuels?
- Plug Power has never earned a profit from selling hydrogen fuel or hydrogen fuel cells.
- Bloom hasn't turned a profit either.
- FuelCell Energy hasn't earned a profit since 1997.
- Clean Energy earned a profit in 2017 but never since.
Maybe government-subsidized loans will help them change that story. Maybe they won't. But I wouldn't buy until I know for sure.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.