Plug Power Inc (PLUG)

[Jack_Bolander]

MORE BAD NEWS !

"Plug Power (NASDAQ:PLUG), another contentious pick, is the last meme stock that AI has identified outright as a company to SELL.

“Plug Power, involved in hydrogen energy, has seen fluctuating stock prices due to market downturns and weak financial results. Concerns about its ability to finance future projects and continued shareholder dilution pose risks to its stock value.”

“Despite having cash and cash equivalents totaling $172.9 million, Plug Power’s ongoing operations and investments result in significant cash outflows. This high cash burn rate necessitates continuous capital raising, which could dilute shareholder value?”.

PLUG is certainly a polarizing name in the hydrogen industry. It has recently shook off fears that it will not remain a going concern, but its high rate of cash burn remains an issue in a speculative industry.

The meme stock is more risky than many of the names listed here, as it is flirting with bankruptcy more closely, and thus should be invested in only by those with an extreme risk tolerance."