It got a brutal downgrade today the day after a brutal sell-off. A tough call. He wants to hear from the CEO and his strategy [in response to Amazon announcing it will run a pharmacy business].
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.
They sell frozen foods that consist of plant protein like Beyond Meat. There are too many companies now in this space, so he'd hold off. The easy money has been made in this sector.
A turnaround story that's broken $10 faster than he expected. GE has a huge tailwind from Boeing, whose 737 Max has now been approved; GE's aerospace business will boom because it makes the 737's engines. This boom will give the CEO breathing space to build up GE's healthcare and power divisions. His renewable business should benefit under Biden. In 5 months, vaccines should allow many people to fly again, which will be a huge windfall for its aerospace business.