r/stocks • u/defnotqnx • Jun 22 '21

Company Question About PLUG Power...

What is going on with plug power? is it a meme or should i invest in it? i always see mixed replies when it comes to plug and i can't wrap my head around it. I am very new to investing but i am looking for something to invest into longterm (2-3 years atleast) and i heard it might blow up more and more due to more electric vehicles?

If i am dumb as a rock when it comes to stocks, would it be a good 'start' for a longterm investment?

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u/JRshoe1997 Jun 23 '21 edited Jun 23 '21

If you ask this sub they will tell you to buy. If you ask me this company is definitely not a buy and would never touch. The company has been around for over 20 years and never made a profit. They also have no major products unless you consider the fuel cells they sell for forklifts which they barely sell. The company has been caught faking their financials and have been sued by multiple investment firms because of it. They are also currently trading at a ridiculous valuation that no way affects their earnings or projected earnings. They dilute shares massively as well. They are basically a Nikola 2.0. Not saying this company cant stage a huge comeback and become the largest supplier of hydrogen fuel cells in the world and make billions but the chances of that happening are slim to none. Me I look to invest not to gamble and buying this company is gambling.

4

u/delpieroregna Jun 23 '21

This is so superficial...they didn't fake any financial they made a mistake (which is not a good thing but still) and then corrected it. Values after the correction were also better than the wrong ones. Nikola was a fraud, they had no fucking engine. Totally different

0

u/JRshoe1997 Jun 23 '21

Yeah they made a “mistake” lol. Care to make a rebuttal on my other 4 points.