Reported about 5 hours ago
Plug Power, a hydrogen fuel cell developer, has struggled with production costs and accounting errors, resulting in a significant decline in its stock value since its IPO. While it recently locked in orders from major customers like Amazon and Walmart, the company remains unprofitable and is burdened by high liabilities. Despite analysts projecting a revenue growth of 36% in the next two years, the outlook remains cautious due to ongoing challenges in the green energy sector and high interest rates.
Source: YAHOO