Plug Power Inc (PLUG)

[Jack_Bolander]

Banger - When you use electricity , you are making Hydrogen that costs more than TWICE the cost of the electricity you are using.

That is some pretty expensive hydrogen compared to other methods or other alternative fuels instead of hydrogen.

I am certain that there are some applications where electrolyzer hydrogen makes sense (perhaps in the case of some of the larger Amazon distribution centers), but I don't see that as a very widespread application. One example may be municipal transit, who don't seem to care about costs or ROI's. An onsite electrolyzer would be a nice shiney object for them, but still not a robust market for Plug.

So I am certain there are some applications and in some subsidized countries (eg: Portugal, Spain, Egypt, Namibia) where electrolyzer hydrogen makes sense. I am also certain that in today's world, that electrolyzers are not a very large or very profitable market segment.

What I don't know is what Plug's share value will be worth in that world.

Here is what the analysts are thinking :

Piper Sandler $0.80

Susquehanna $2.50

Jefferies $1.60

Canaccord Genuity $2.50

B. Riley Securities $3.00

Morgan Stanley $0.50

BMO Capital $1.00

Wells Fargo $1.50

Truist Securities $1.50

UBS $1.75