PLUG produces Fuel Cells, for which there is no affordable fuel
The last 3-year trend and the long-term 10-year trend have now broken ~FALLING KNIFE~ style.
PLUG has been a poster child for hydrogen. It may be most prominently known for providing fuel cell delivery vehicles to Amazon.
There are several issues PLUG faces. To name a few:
We may bounce around, but I would NOT be surpassed if we get into ~$2.00 - $2.50 / share territory by the end of 2024.
PLUG has been a poster child for hydrogen. It may be most prominently known for providing fuel cell delivery vehicles to Amazon.
There are several issues PLUG faces. To name a few:
- There are not enough electrolyzers to produce green hydrogen
- The price of green hydrogen has gone from ~112/KG to over ~330/KG in 2-years
- PLUG's use of cash is wildly irresponsible (exaggerated by now high interest rates)
- Hydrogen simply isn't the best solution for transit applications beyond distributed or 24-hour applications
We may bounce around, but I would NOT be surpassed if we get into ~$2.00 - $2.50 / share territory by the end of 2024.
Nota
Prior support is now confirmed resistance. Let's see if we continue to bounce around and maybe find support down at $1.80?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.