Do you want to pluck Plug Power stock ?
One thing I have learnt from Covid-19 situation is when it comes, many industries were so unprepared and have no contingency plans whatsoever to counteract it. After all, there were no precedent and it happens way too fast.......
Look at the tourism industry, how fragile it has become and has crippled many countries whose main source of revenue is tourism.
Similarly, Plug Power has 2 main clients - what happened if one of them decides not to continue the business relationship ?
There is no diversification in this case and while the future forecast looks bright, the chart in near term has not shown any promising bullish trend.
Look at the tourism industry, how fragile it has become and has crippled many countries whose main source of revenue is tourism.
Similarly, Plug Power has 2 main clients - what happened if one of them decides not to continue the business relationship ?
There is no diversification in this case and while the future forecast looks bright, the chart in near term has not shown any promising bullish trend.
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