Plug Power: Uneconomic And Subsidized Business Model Combined With Cash Burn Justifies Short [Seeking Alpha]
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.plugpower.com/home/default.aspx
Company Research
Source: Seeking Alpha
Thesis Plug Power, Inc. ( PLUG ) has an uneconomical business model and is burning through more cash than it has. At this rate, it will need dilutive financing within another 12 months after just having raised $35m a month ago. Total cost of ownership (TCO) benefit for customers is between 10% and 5% versus a regular battery forklift. This TCO is calculated based on a net present value approach and thus ignores that regular forklifts are actually cheaper on an annual basis. Furthermore, federal tax credits are subsidizing the purchase price of fuel systems by up to 30%. Company and Business Model Overview Plug Power is a company that engages in the selling of fuel cells and most notably forklift fuel cells called GenDrive. The company provides ancillary services like maintenance, GenCare, and hydrogen delivery to customer sites, as well as building hydrogen stations, GenFuel, and backup power referred to as GenSure. It also offers these individual products/services in a
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PLUG
News
- Class Action Filed Against Plug Power Inc. (PLUG) - May 21, 2024 Deadline to Join - Contact Levi & KorsinskyAccesswire
- Why Plug Power (PLUG) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Plug Power Inc. with Losses of $300,000 to Contact the FirmAccesswire
- PLUG SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Plug Power, Inc. Investors to Join the Class Action Lawsuit!Accesswire
- Shareholders That Lost Money on Plug Power Inc. (PLUG) Urged To Join Class Action – Contact Levi & Korsinsky To Learn MoreAccesswire
PLUG
Earnings
- 11/9/23 - Miss
PLUG
Sec Filings
- 4/8/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- PLUG's page on the SEC website