Global Hydrogen Economy
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Why Did Plug Power Stock Pop Today?
Yahoo Financeยท 2025-09-17 17:54
Group 1 - Plug Power's shares increased by 16.1% without any apparent reason for the rise [1][8] - The company positions itself as a pioneer in the hydrogen industry, manufacturing a range of products including electrolyzers and fuel cell systems [3] - Despite being a "first mover," Plug Power has not yet turned a profit in its 28 years of operation, with revenues declining nearly 30% last year [4] Group 2 - Analysts predict that Plug Power may achieve profitability, but not before 2030, raising concerns about the company's financial sustainability [5] - Currently, Plug Power has approximately $140 million in cash against nearly $1 billion in debt, with an annual cash burn exceeding $800 million [6] - The company may need to increase its debt or issue more stock, which could dilute current investors' shares [6]