Aug. 7 at 5:20 PM
$FCEL $PLUG You're mixing profitability with valuation.
A company can be unprofitable and still be undervalued if the market prices it below its long-term earnings potential or the value of its assets and technology.
Using that logic, many of today's biggest growth companies would never have been worth investing in before they became profitable.
That's exactly what creates an investment opportunity. If Plug were already consistently profitable, much of the upside would likely already be priced into the stock, and I'd be too late as an investor.
Plug still has a lot to prove, but margins are improving, costs are coming down, cash burn has been reduced, and major hydrogen projects continue to move forward.
Investing is about where a business is headed, not just where it is today
