Reported 12 months ago
This article discusses the differences between Plug Power and Nikola, two companies in the hydrogen power market. Plug Power focuses on hydrogen fuel systems for warehouse equipment while Nikola develops electric batteries and hydrogen fuel cells for semitrailer trucks. Despite a strong start, both companies have faced challenges, with Plug Power struggling with customer concentration and financial reporting issues, and Nikola failing to meet its delivery targets and dealing with legal troubles. The article concludes that while both stocks appear cheap, Plug Power may be a more compelling investment due to its higher revenue, DOE loan, and lower valuations.
Source: YAHOO