Plug Power: Is this the starting signal for the turnaround of the hydrogen stock?

If it succeeds in increasing the more profitable service revenues, then the profitability targets could come closer in the upcoming quarters!
The quarterly figures that turned out better than feared could give the stock price a boost!
Marvin Herzberger
M. Herzberger
Reading Time: 2 minutes

Plug Power produces fuel cells, builds the associated infrastructure such as electrolyzers, and operates its own hydrogen production facilities. Growth is driven by the ongoing demand for material transport solutions as well as electrolyzers for green hydrogen projects. Global regulatory frameworks and subsidy programs, especially in Europe and North America, support the investment decisions of industrial customers. This addresses exciting and long-term growth trends. However, until now, the company has mainly been noted for its high net cash consumption...

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