Plug Power and the Perpetual Motion Machine We wrote last week about hydrogen hopeful Plug Power‘s aspirations of becoming a cog in the hydrogen machine of the future, and Kerrisdale Capital‘s campaign to show that, in the terms of efficient, sustainable industrial energy shifts, hydrogen has no future.
PLUG was off -$1.51 (-1.7%) in Monday’s session, as the market absorbs Kerrisdale’s cold water and tries to work out how an company making the building blocks of a sector going nowhere could have so many large, prominent backers and, if hydrogen is a green-infrastructure lost cause, why is the stock market so bullish on hydrogen companies?
https://thedeepdive.ca/plug-power-perpetual-motion-machine/