Dec. 12 at 7:49 PM
$PLUG put out a nice-sounding “AI deals” PR, but it reads more like repositioning / offloading energy obligations and shrinking the U.S. hydrogen footprint than it does true AI-driven demand growth.
If
$PLUG wants to get taken seriously in “always-on,” the path is cap-structure cleanup + strategic financing (including after any reverse split, if that’s the route), and then using that stronger balance sheet to pursue real scale — even M&A-level moves (yes, something like
$FCEL) to go compete with
$BE in the always-on power arena.
I may even hold my shares now that Andy Marsh is leaving. I wish he was not staying on the board with his always on funding and dilution but they may need him once or twice more as his mess gets undone.