Can Shares of Plug Power Double Again in the Next Five Years?
Expect Plug Power stock to be volatile
Plug Power has an extremely volatile history, fueled by expectations and the potential of hydrogen fuel cell systems.
The potential of hydrogen fuel cell systems
According to a global consulting firm like Deloitte, decarbonising hard-to-abate sectors like steelmaking, chemicals, aviation, and shipping will likely require global hydrogen use to grow sixfold by 2050.
Issue of Plug Power's technology
Plug Power's technology faces efficiency challenges compared to emerging chemistries, and competition from major players could impact its market position and growth.
Survival in 2024 isn't a guarantee
Plug Power's financials raise concerns about the company's survival beyond 2024, with significant share dilution and the need for further financing potentially affecting its future.
Could shares double in the next five years? While there is potential for growth, investors should carefully weigh the risks and uncertainties before considering investing in Plug Power stock.
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.