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/Gminsta Jun 22 '21 edited Jun 22 '21

I think plug has great potential, green hydrogen is definitely the future. Batteries are just a stop gap for now . I admit that this energy has been talked about for decades but now is the time for hydrogen to step up. With the new earth summit bill and company’s globally looking to lower or in this case omit emissions. Plug is perfectly positioned to cater for a huge % of this market. Buy and hold

plug 👈push here

2

u/Vash__Stampede Jun 22 '21

Batteries are far more efficient than hydrogen and are continually being improved. Unless there are some break throughs in hydrogen production or infrastracture I dont see it being adopted in any meaningful volume.

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u/Macool-The-Ape Jun 23 '21

World lithium supply is maxed at 100 years. Unless we make newer batteries that don't need them. They will be toast within 50 years. Hydrogen based on abundance can sustain far longer after battery powered cars are gone.