Plug Power Eyes Expansion in Green Energy Sector: Can It Deliver Growth?

Key Takeaways PLUG faces declining hydrogen equipment sales, negative margins and high cash burn pressures. A $1.66B DOE loan backs PLUG's plan to build six green hydrogen plants across the US. New JV with OLN and tax credit extensions may aid PLUG's long-term hydrogen growth strategy.Plug Power Inc. (PLUG) has been plagued with a high cash burn rate and negative gross margins over the past several quarters. Decline in revenues from the sales of hydrogen equipment and related infrastructure has been weigh ...