The price of Plug is now stabilizing. It might even start to drift upwards in a day or two.
When the GM announcement is made Plug will head back up and stay above 7.
When the hydrogen refueling stations come on line at the end of this year PLUg will close at 20.
As hydrogen fueling stations spread across the nation PLUG will close at 100.
That might not be until 4 years from now.
JMO. What do you think?
If Exxon Mobil is worth $100 a share then it is actually conservative to say that 4 years from now, the replacement for Exxon Mobil will be $100 a share. There is much more on top of that. Fuel cells at all airports, range extenders for Fed Ex and why not UPS? And how about automobiles? Not to mention the partnerships they have with Honda and GM for home energy stations. When they come to fruition $100 p/ps may actually be a bargain.
Not out of the question at all! Though 50.-75. is more reasonable THIS YEAR! You must think the markets are an orderly strictly enforced investment vehicles for guys with pocket protractors...we are in the beginnings of the next BOOM which is the GREEN REVOLUTION! Hold on to your hats...or any pretty girl near you :-)