Reported 12 months ago
Shares of Plug Power surged after receiving a conditional commitment for a $1.66 billion loan from the U.S. Department of Energy, but have since dropped, with a senator questioning the loan. Plug Power has struggled with a flawed business model but aims to fix it by building its own hydrogen plants. The DOE loan is crucial for this. Despite uncertainties, if the loan is approved, the stock could see upside potential. However, investing in Plug Power is likened to a lottery ticket - high risk, high reward.
Source: YAHOO