Reported about 1 year ago
The Motley Fool discusses whether Plug Power (NASDAQ: PLUG) could potentially generate millionaire-making gains in the future. While the company once saw significant growth in the dot-com era, its stock currently trades at around $3 per share. Plug Power's business model remains uncertain despite its partnerships with major retailers like Amazon and Walmart, with revenue growth forecasts being modest and concerns about heavy dependence on these key customers. The company's financials show widening net losses and declining operating margins, raising doubts about its potential for substantial gains. Despite new deals and loans for green hydrogen production, Plug Power's future growth prospects remain uncertain, leading analysts to predict modest revenue and continued net losses. Overall, the article concludes that while Plug Power may not face bankruptcy, it's unlikely to yield significant returns for investors, even if it stabilizes its sales growth and diversifies its customer base.
Source: YAHOO