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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16553625" data-attributes="member: 137766"><p>Great news for Plug Power as the company's ongoing strategic transformation efforts have apparently attracted Wednesday's massive $1.5 billion investment by leading Korean conglomerate SK Group thus increasing net cash to approximately $2 billion.</p><p></p><p>That said, with the new joint venture not expected to commence operations before some time next year, the company's financial results are unlikely to benefit from this important new strategic partnership anytime soon.</p><p></p><p>Moreover, with<strong><span style="color: #ff4d4d"> fully-diluted share count now at approximately 686 million</span></strong>, the company's market capitalization is approaching a breathtaking $30 billion.</p><p></p><p>But with the hydrogen megatrend firmly expected to persist and an ever growing ESG investor crowd almost desperately looking for the next Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>), there might still be more room to run for Plug Power's shares.</p><p></p><p></p><p>The analyst wouldn't be surprised to see the shares surpassing $50 going into the company's business update call on January 26.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16553625, member: 137766"] Great news for Plug Power as the company's ongoing strategic transformation efforts have apparently attracted Wednesday's massive $1.5 billion investment by leading Korean conglomerate SK Group thus increasing net cash to approximately $2 billion. That said, with the new joint venture not expected to commence operations before some time next year, the company's financial results are unlikely to benefit from this important new strategic partnership anytime soon. Moreover, with[b][color=#ff4d4d] fully-diluted share count now at approximately 686 million[/color][/b], the company's market capitalization is approaching a breathtaking $30 billion. But with the hydrogen megatrend firmly expected to persist and an ever growing ESG investor crowd almost desperately looking for the next Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]), there might still be more room to run for Plug Power's shares. The analyst wouldn't be surprised to see the shares surpassing $50 going into the company's business update call on January 26. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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