Why??!!-----Plug Power, Which Got A Last-Minute $1.66B Loan Guarantee From DOE, Reports $2.1B Loss

The “green” hydrogen company’s 2024 losses were nearly triple its 2022 losses of $724 million. Given its lousy financial condition, why did the Biden DOE give it a loan guarantee? - Stephen Heins 

• In 2021, Plug Power was surfing the wave of hydrogen hype. 

Its stock was selling for $66 per share, and the company said it was going to replace diesel fuel in transportation systems with “green hydrogen.” 

One of its presentations claimed, “our sales pipeline is robust and diverse.”
That was four years ago.
Yesterday, Plug reported a $2.1 billion loss for 2024, its stock price is falling, and the company is headed for bankruptcy...