Plug Power Expects to Reach Profitability by the End of 2028. Here's What Could Go Wrong.

Plug Power projects it will achieve profitability by the end of 2028, but the company has a long history of missing similar targets. With $1 billion in debt, only $223 million in cash, and a track record of failed profitability forecasts dating back to 2013, investors should be cautious about the company's latest projections and focus on near-term targets like positive EBITDA by end of 2026.