Terrible history of losses, unproven technology, poor execution and shareholder unfriendly because of constant dilution to raise cash.
High risk of Obsolescence
- Technological advancements in next generation Electrolyzers offer more hope for a green hydrogen economy,
- Incumbent Electrolyzer producers like Plug Power are at a disadvantage due to technological inefficiencies and financial instability, making them a risky investment.
- Hydrogen can be an alternative source of energy, but Plug may not be the right player, its conversion efficiency is supposedly lower in the 75% range compared to newer technologies offering 95%.