Plug Power (PLUG) Faces Headwinds Despite Ambitious Green Hydrogen Goals: JPMorgan’s Take

Plug Power (PLUG) is aiming high with its green hydrogen ambitions, but JPMorgan analyst Bill Peterson cautions that near-term challenges could hinder the company’s progress. While Plug Power’s vision for a hydrogen-powered future is compelling, the current market conditions and uncertainties surrounding hydrogen’s commercial viability might pose significant obstacles. Peterson emphasizes that the company needs to prove its network can deliver real profits and address concerns about its cash flow and demand.

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