Plug Power Q3 Earnings Preview: What's The Outlook Following Donald Trump's Win?
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Plug Power's stock declined following Trump's election, indicating potential challenges for green economy stocks. Analysts expect modest Q3 revenue growth, but Plug Power's history of missing estimates and ongoing unprofitability make it a risky investment.
November 08, 2024 | 1:45 pm
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Plug Power's stock fell after Trump's election, suggesting a challenging environment for green stocks. Analysts foresee modest Q3 revenue growth, but the company's history of losses and cash burn poses risks.
The election of Donald Trump is perceived as negative for green economy stocks like Plug Power due to potential policy shifts. Despite expected revenue growth, Plug Power's consistent unprofitability and history of missing estimates contribute to its riskiness, leading to a negative short-term outlook.
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