Plug Power Aims Big on Hydrogen But Faces Risks in Scaling Up
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Plug Power operates in the promising but historically underdelivering hydrogen fuel cell industry. It aims to create a clean energy hub around hydrogen.
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Revenue has been growing rapidly, but the company likely needs billions more in investment to build out infrastructure needed for its ambitious growth plans.
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Plug Power faces survival concerns due to its cash burn and recently had to secure financing to stay afloat.
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Success is not guaranteed even if hydrogen gains traction, as competitors or infrastructure limitations could limit Plug Power's growth.
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The stock has huge potential but is very high risk given uncertain future demand for hydrogen and the company's shaky financials. Returns could be decades away.