#6 - Plug Power (NASDAQ:PLUG)
Plug Power Inc. (NASDAQ: PLUG) is a leading developer of hydrogen fuel cells and a key player in the green hydrogen economy. Its fuel cells are used in vehicles such as forklifts, short-range haulers, and delivery vans.
But the real opportunity lies in the broader application of fuel cells to power entire buildings, including data centers and electric vehicle charging stations. The good news is that as nuclear power becomes more popular, it creates an opportunity to develop cost-effective hydrogen.
It’s important to note that the company relies on government subsidies for a sizable chunk of its revenue. That’s a key reason why the ability to sell fuel cells for large buildings would be an important step towards Plug Power becoming profitable.
Plug Power is a penny stock, which could explain the interest from Robinhood investors. Short interest of over 23% will continue to put the stock on the radar of options traders seeking opportunities in its volatility.
About Plug Power
Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.
Read More - Current Price
- $2.60
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 11 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $4.52 (73.9% Upside)
