Nov. 24 at 3:39 PM
$PLUG
$FCEL and
$PLUG started in the same arena, but they’re not headed to the same place.
$FCEL is setting up new natural-gas and data center deals with upside if it follows the
$BE path, while
$PLUG is staring at one last vote to jack the share cap toward 3 billion.
If that share-count vote fails again for the same reasons as last time, the already-approved reverse split becomes basically inevitable just to keep the lights on.
I’d rather ride
$FCEL for the next leg up than sit in
$PLUG while it dilutes, reverse-splits, and sells hydrogen assets to keep big customers’ costs low and calling it building value for shareholders.
