The Market Celebrated Plug Power's Q2 Earnings; Here's Why I'm Not Quite as Impressed
We've all heard the old saying, "Everyone loves a parade." What investors haven't heard -- though they would be wise to learn -- is this fuel-cell focused bit of wisdom: The market loves when Plug Power (NASDAQ: PLUG) provides a modicum of good news. Since the company reported Q2 2021 earnings last Thursday, shares of Plug Power have soared more than 12%.
But I'm not buying it. While the company beat analysts' revenue expectations and had some encouraging things to report, there were some points of concern in the quarter that bulls seem to be overlooking.
Image source: Getty Images.
Source Fool.com
