investorplace.com/2021/11/...mising-but-dont-get-too-excited/
Since reporting third-quarter results on Nov. 9, Plug Power (NASDAQ:PLUG) stock has been volatile, trading in a 20% range...For the three months ending in September, Plug Power lost $106 million, 19 cents per share, on revenue of $144 million. A year earlier it lost $65 million, 18 cents per share, on revenue of $107 million.Revenue grew 34%, but losses also grew from 60% of revenue to almost 74%. The loss would have been worse except for sales of new stock.
This year, Plug Power is taking its green hydrogen ideas global. It has a partnership to create plants in Europe. It’s building a plant in Australia. It’s also building a fuel cell manufacturing plant in New York state.
TV analyst Jim Cramer has called the environmental trend represented by Plug Power “unstoppable.”
I have written that Plug Power is a long-term play. You can buy and sell it as a trade,....
Just remember that profits, if they ever arrive, are still on the distant horizon.