Should You Buy Plug Power Stock While It's Below $2?

Core Viewpoint - Plug Power's stock has significantly declined since its peak in early January, with a loss of over 50% leading up to its earnings report on March 3, where it was trading around $1.50 per share [2]. Financial Performance - Plug Power reported a 45$2.1 billion, equating to $2.68 per share [3][4]. - The per-share loss was only 16.5$1 billion in 2024, necessitating share sales to maintain liquidity [5]. - The company has initiated "Project Quantum Leap," aiming to reduce annual expenses by $150 million to$200 million through layoffs, consolidations, and other cost-cutting measures [7]. - As of the last report, Plug had approximately $405 million in cash, which is expected to increase to about$685 million following a recent share sale that raised $280 million [8]. Future Outlook - Despite efforts to optimize operations and reduce cash burn, projections indicate that Plug Power may run out of cash before the end of 2025, necessitating further share sales [9]. - The recent increase in shares outstanding to approximately 1.11 billion will likely dilute current investors and could negatively impact stock value, especially if the stock price approaches$2, triggering the exercise of warrants [10].