Plug Power Inc (PLUG-Q)

At the heart of debate on hydrogen power. Used in forklifts and such so that the Amazons and Walmarts of the world can reduce carbon footprint. He has a small position in BLDP instead. Both will do well as the market grows and the infrastructure builds out. Accounting issues at PLUG suggest caution.

You need to see BP or Royal Dutch Shell get involved here or else PLUG will tumble, as low as the mid-$20s. Be careful. (PLUG soared 90% last year.)

They just completed a $845 million capital raise. PLUG is the least speculative of the fuel cell plays. In fact, the stock is up since that raise. True, Plug has broken many investors' hearts in the past, floundering for years, but their last report beat the street and customers include Walmart, FedEx, Kroger and Amazon. True, PLUG is still a long way to turning a profit but he enjoys these tailwinds: the Biden presidency will make regulations friendlier to green-energy companies; the price of wind and solar energy keeps getting cheaper; there's a renewable storage problem; and large companies are interested in hydrogen fuel cell power. Japan and Germany are investing in hydrogen power.