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Plug Power Stock Surges Despite Lack of Fundamental Catalysts
Plug Power Stock Surges Despite Lack of Fundamental Catalysts
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BTCCSquare news:
Plug Power shares rallied 16.1% during Wednesday's session without apparent justification. The hydrogen fuel cell pioneer remains a speculative play—boasting first-mover status in electrolyzers and fueling infrastructure while hemorrhaging cash.
The company's 28-year operational history reveals persistent unprofitability and recent revenue declines. Analysts project breakeven only by 2030, with current liquidity concerns looming large. Plug's $140 million cash reserves pale against $1 billion debt and $800 million annual burn rate.
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