Better Hydrogen Stock: Plug Power vs. Nikola
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Plug Power and Nikola are two different ways to invest in the hydrogen power market. Plug Power sells hydrogen fuel systems for electric forklifts, while Nikola develops semitrailer trucks that run on electric batteries and hydrogen fuel cells. Both stocks initially had high valuations but have since declined. Plug Power has customer concentration issues and has experienced financial restatements and losses. It recently secured a loan from the U.S. Department of Energy to build hydrogen production facilities. Nikola has faced challenges with delivering on its targets, including recalls and the conviction of its founder for fraud. It has a cash shortage and has diluted its existing investors. Plug Power appears to be a more compelling turnaround play due to its higher revenue, DOE loan, and lower valuations.

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https://www.fool.com/investing/2024/06/30/better-hydrogen-stock-plug-power-vs-nikola/?source=eptyholnk0000202&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=260e31f4-79db-4eff-b86f-2734551582e2