PLUG produces Fuel Cells, for which there is no affordable fuel

The last 3-year trend and the long-term 10-year trend have now broken ~FALLING KNIFE~ style.

PLUG has been a poster child for hydrogen. It may be most prominently known for providing fuel cell delivery vehicles to Amazon.

There are several issues PLUG faces. To name a few:

• There are not enough electrolyzers to produce green hydrogen
  
• The price of green hydrogen has gone from ~$12/kg to over ~$30/kg in 2-years
  
• PLUG's use of cash is wildly irresponsible (exaggerated by now high interest rates)
  
• Hydrogen simply isn't the best solution for transit applications beyond distributed or 24-hour applications
  

We may bounce around, but I would NOT be surpassed if we get into ~$2.00 - $2.50 / share territory by the end of 2024.

הערה:

Prior support is now confirmed resistance. Let's see if we continue to bounce around and maybe find support down at $1.80?