Plug Power Inc.’s third-quarter results may have looked bad on the surface, as the hydrogen and fuel-cell company continues to bleed money, but Wall Street seems pleased that bold moves the company has made confirm its new commitment to generate cash and simplify the business.
Although the stock
PLUG has skyrocketed in recent months, with investors looking at it as a cheap way into the massive growth in demand for power to fuel the buildout of artificial-intelligence infrastructure, the company is still digging its way out of trouble. Plug Power has reported wider-than-expected quarterly net losses for at least the past five years, according to available FactSet data going back to November 2020.
Plug Power is using the AI power boom to generate cash and ditch unneeded government support
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Plug Power Inc.’s third-quarter results may have looked bad on the surface, as the hydrogen and fuel-cell company continues to bleed money, but Wall Street seems pleased that bold moves the company has made confirm its new commitment to generate cash and simplify the business.
Although the stock
PLUG has skyrocketed in recent months, with investors looking at it as a cheap way into the massive growth in demand for power to fuel the buildout of artificial-intelligence infrastructure, the company is still digging its way out of trouble. Plug Power has reported wider-than-expected quarterly net losses for at least the past five years, according to available FactSet data going back to November 2020.
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