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Plug Power’s Rally Faces Sustainability Concerns Amid Execution Risks
Plug Power’s Rally Faces Sustainability Concerns Amid Execution Risks
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BTCCSquare news:
Plug Power’s (PLUG) recent 153% surge over the past month has captivated markets, driven by bullish analyst upgrades, electrolyzer delivery milestones, and speculative short-squeeze dynamics. H.C. Wainwright’s $7 price target revision—citing green hydrogen’s improving competitiveness amid rising electricity demand—added fuel to the rally. Yet skepticism lingers.
The company’s delivery of a 10-megawatt electrolyzer array to Galp in Portugal marks operational progress, but execution risks and balance sheet fragility threaten to unravel the optimism. The same catalysts propelling the stock also underscore its vulnerabilities: overextended sentiment, reliance on tax-credit tailwinds, and unproven scalability in hydrogen infrastructure.
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