Should You Buy Plug Power Stock While It's Below $3?

Group 1: Company Overview - Analysts expect Plug Power to boost sales by approximately 36% in 2025, supported by a $1.66 billion loan guarantee from the federal government for constructing clean hydrogen facilities [1][2] - Despite positive sales projections, Plug Power's share price has declined by around 25$3 mark [1] Group 2: Financial Challenges - Plug Power's business model is capital intensive, requiring significant investment in facilities that cost hundreds of millions of dollars, leading to consistent financial losses [3][4] - The company has generated negative free cash flow of $1.3 billion over the past 12 months, while also diluting shareholders through repeated stock sales [6] Group 3: Industry Outlook - Experts suggest that hydrogen power will not be cost competitive with fossil fuel alternatives for years, with projected hydrogen demand growth of only 40% from 2020 to 2030, translating to a compound annual growth rate of less than 5% [5] - The anticipated demand growth for hydrogen is expected to materialize over the next decade or two, posing a challenge for Plug Power's long-term viability [5][7]