Plug Power. Right. So, it’s up today. Sixteen percent. Sixteen! As if that means anything. Apparently, the CEO, Andy Marsh – and honestly, the name just sounds…untrustworthy – is doing an “Ask Me Anything” on Reddit. Reddit! Like that’s a source of informed investment decisions. It’s a forum for cat pictures and people arguing about Star Wars. And now, it’s a place to gauge the financial viability of a hydrogen company? The whole thing is just… exhausting. They want investors to believe some insight will emerge from a text-based Q&A. It’s the 21st century, people! Get a proper investor relations department.
And the implication, of course, is that they’re hoping for some sort of…meme stock status. Like they’re going to ride a wave of online hype to solvency. It’s just… insulting. The stock is down 84% over three years. Eighty-four percent! You need a miracle, not a Reddit thread, to recover from that. It’s like thinking a good haircut is going to fix a collapsing building.
Is Anyone Actually Considering This?
They’re having a shareholder meeting on January 29th. To ask permission to…double the share count. From 1.5 billion to 3 billion. Three billion! That’s not raising capital, that’s rearranging the deck chairs on the Titanic. They’re basically saying, “We’ve made a mess of things, so now we’re going to dilute your holdings to cover our mistakes.” It’s a bold strategy, Cotton. Let’s see if it pays off for them… or for the people actually holding the bag.
Last quarter, they made $177 million in revenue. Okay. But they lost $361 million. That’s not a business, that’s a performance art piece about the futility of human endeavor. And the backlog? Apparently, it’s suggesting things might get worse. Worse! You know what that means? More dilution. More shareholder meetings. More excuses. It’s a cycle of despair, honestly.
So, they need money. Fine. But diluting existing shareholders? It’s just…rude. It’s like inviting someone over for dinner and then asking them to pay the bill. I wouldn’t touch this stock with a ten-foot pole. I mean, seriously. There are better ways to lose money. Like, you could just light it on fire. At least that would be honest.
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2026-01-22 21:34