<p><strong>普拉格能源</strong>（PLUG 11.30%）的使命是通過其創新的燃料電池提供可持續能源。該公司希望利用其氫氣技術在可再生能源市場中獲利。根據德勤諮詢的估計，到 2050 年，綠色氫氣市場可能達到 1.4 萬億美元，這為普拉格能源提供了巨大的上行潛力。</p>
<p>儘管如此，該公司近年來面臨重大障礙。在 2021 年股價曾高達 75 美元后，股價暴跌 97%，自那時以來未能恢復。如果你考慮購買普拉格能源（或已經購買），以下是你應該考慮的事項。</p>
<h2>購買或持有普拉格能源的理由</h2>
<p>普拉格能源旨在通過其氫燃料電池在不斷發展的可再生能源領域佔據一席之地。作為傳統電池的替代品，普拉格能源提供清潔高效的能源，碳排放極少。</p>
<p>該公司開發的產品利用電解水產生氫氣，創造綠色燃料來源。他們的先進液化和低温系統促進了氫氣的高效儲存和運輸，使燃料在各種應用中變得可及和實用。</p>
<p>其產品之一是 GenDrive，這是一種為物料搬運車輛（如叉車）設計的氫動力燃料電池系統。其 GenSure 系統旨在提供可靠的備用和電網支持電源解決方案，確保關鍵基礎設施在大規模停電期間保持運行。</p>
<p>該公司擁有 <strong>亞馬遜</strong> 和 <strong>沃爾瑪</strong> 等行業巨頭作為客户和投資者，這可能為其提供穩定的收入來源和長期增長機會。在大型公司的支持下，普拉格能源可能有機會受益於預計到 2050 年氫氣需求將增加兩到四倍的趨勢，麥肯錫對此進行了估計。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE0NDUvaHlkcm9nZW4tZW5lcmd5LWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE0NDUvaHlkcm9nZW4tZW5lcmd5LWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<p>長期增長機會使普拉格能源的股票具有吸引力，但其財務狀況值得關注。</p>
<h2>賣出普拉格能源的理由</h2>
<p>普拉格能源近年來經歷了穩健的收入增長，去年收入增長 27%，達到 8.91 億美元。然而，目前的形勢卻呈現出不同的畫面。在 2024 年的前三個季度，收入驟降至 4.37 億美元，較去年下降了 35%。</p>
<p>這一下滑主要歸因於公司在氫氣基礎設施銷售方面的困難。今年，該公司僅完成了 11 個氫氣站的安裝，遠低於去年的 41 個安裝。這一減少反映出氫經濟的發展速度低於預期。</p>
<p>此外，普拉格能源還面臨着不斷上升的虧損。截至 9 月 30 日，該公司報告的營業虧損為 7.2 億美元，略高於去年 718 萬美元的虧損。在過去 12 個月中，普拉格能源的總虧損高達 14 億美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/5e5f7b9fc9d9c7a977597b9df532d00e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/5e5f7b9fc9d9c7a977597b9df532d00e.png"/></p>
<p>PLUG 收入（TTM），數據來源於 YCharts；TTM = 最近 12 個月。</p>
<p>針對這些挑戰，該公司已啓動成本削減策略，並聘請 Dean Fullerton 擔任新任首席運營官（COO）。憑藉他在亞馬遜各地區監督工程服務的經驗，Fullerton 預計將提升普拉格能源的運營效率並優化其供應鏈。</p>
<p>管理層已調整了未來一年的收入預測，預計在 8.5 億至 9.5 億美元之間，遠低於之前 15 億美元的預測。</p>
<p>更為樂觀的是，能源部（DOE）在 5 月向普拉格能源授予了一筆 16.6 億美元的有條件貸款，以資助六個清潔氫氣工廠的建設。這些工廠將生產氫氣，供物料搬運、運輸和工業領域的客户使用。</p>
<p>然而，隨着政治動態的變化，尤其是特朗普政府將在 1 月即將就職，首席執行官 Andy Marsh 希望在過渡之前確保這筆貸款。如果未能如願，可能會嚴重阻礙該公司，而該公司已經面臨現金流挑戰。</p>
<h2>購買、持有還是賣出普拉格能源？</h2>
<p>普拉格能源的技術可能有助於進一步發展可再生能源行業。然而，由於收入下降和令人失望的前景，該公司面臨重大挑戰。最新的分析師預測顯示，該公司可能要到 2028 年才會盈利。</p>
<p>如果你對普拉格能源的技術和前景感興趣，它可能是一個值得加入觀察名單並隨時間跟蹤的股票。我希望看到銷售額的改善和更高效的運營，以幫助降低成本。然而，考慮到未來的不確定性和其缺乏財務成功，我認為目前該股票是賣出。</p>

普拉格能源

<p>普拉格能源專注於通過氫技術實現可持續能源，但自 2021 年以來，其股票已下跌 97%。儘管綠色氫氣市場正在增長，該公司面臨着收入下降和虧損增加的挑戰，預計 2024 年收入將下降 35%。普拉格能源已啓動成本削減策略，並獲得了美國能源部對氫氣工廠的有條件貸款。分析師預測該公司可能要到 2028 年才能實現盈利，因此建議因財務不確定性而出售該股票</p>

<p><strong>Plug Power</strong>(PLUG 11.30%) is on a mission to deliver sustainable energy with its innovative fuel cells. The company looks to capitalize on the renewable energy market with its hydrogen technology. According to an estimate by Deloitte Consulting, the green hydrogen market could reach $1.4 trillion by 2050, giving Plug Power massive upside potential.</p>
<div class="lb-trans"><p><strong>普拉格能源</strong>（PLUG 11.30%）的使命是通過其創新的燃料電池提供可持續能源。該公司希望利用其氫氣技術在可再生能源市場中獲利。根據德勤諮詢的估計，到 2050 年，綠色氫氣市場可能達到 1.4 萬億美元，這為普拉格能源提供了巨大的上行潛力。</p>
</div><p>Even so, the company has faced significant hurdles in recent years. After reaching as high as $75 per share in 2021, the stock has come crashing down to Earth, plummeting 97%, and has failed to recover since then. Here's what you should consider if you are thinking of buying Plug Power (or if you already have).</p>
<div class="lb-trans"><p>儘管如此，該公司近年來面臨重大障礙。在 2021 年股價曾高達 75 美元后，股價暴跌 97%，自那時以來未能恢復。如果你考慮購買普拉格能源（或已經購買），以下是你應該考慮的事項。</p>
</div><h2>Reason to buy or hold Plug Power</h2>
<div class="lb-trans"><h2>購買或持有普拉格能源的理由</h2>
</div><p>Plug Power aims to position itself in the evolving renewable energy sector with its hydrogen fuel cells. As an alternative to conventional batteries, Plug Power provides clean and efficient energy with minimal carbon emissions.</p>
<div class="lb-trans"><p>普拉格能源旨在通過其氫燃料電池在不斷發展的可再生能源領域佔據一席之地。作為傳統電池的替代品，普拉格能源提供清潔高效的能源，碳排放極少。</p>
</div><p>The company develops products that use electrolysis to produce hydrogen from water, creating a green fuel source. Their advanced liquefaction and cryogenic systems facilitate the efficient storage and transportation of hydrogen gas, making the fuel accessible and practical for various applications.</p>
<div class="lb-trans"><p>該公司開發的產品利用電解水產生氫氣，創造綠色燃料來源。他們的先進液化和低温系統促進了氫氣的高效儲存和運輸，使燃料在各種應用中變得可及和實用。</p>
</div><p>One of its products is GenDrive, a hydrogen-powered fuel cell system engineered for material-handling vehicles, such as forklifts. And its GenSure system aims to provide a reliable backup and grid-support power solution, ensuring that crucial infrastructure remains operational during broader outages.</p>
<div class="lb-trans"><p>其產品之一是 GenDrive，這是一種為物料搬運車輛（如叉車）設計的氫動力燃料電池系統。其 GenSure 系統旨在提供可靠的備用和電網支持電源解決方案，確保關鍵基礎設施在大規模停電期間保持運行。</p>
</div><p>The company counts industry giants like <strong>Amazon</strong> and <strong>Walmart</strong> among its customers and investors, which could provide it with a steady revenue stream and longer-term growth opportunities. With support from major companies, Plug Power could be in position to benefit from the projected increase in hydrogen demand, which McKinsey estimates could rise by two to four times by 2050.</p>
<div class="lb-trans"><p>該公司擁有 <strong>亞馬遜</strong> 和 <strong>沃爾瑪</strong> 等行業巨頭作為客户和投資者，這可能為其提供穩定的收入來源和長期增長機會。在大型公司的支持下，普拉格能源可能有機會受益於預計到 2050 年氫氣需求將增加兩到四倍的趨勢，麥肯錫對此進行了估計。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE0NDUvaHlkcm9nZW4tZW5lcmd5LWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F801445%2Fhydrogen-energy-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>The long-term growth opportunity makes Plug Power stock appealing, but its financial situation is something to keep an eye on.</p>
<div class="lb-trans"><p>長期增長機會使普拉格能源的股票具有吸引力，但其財務狀況值得關注。</p>
</div><h2>Reason to sell Plug Power</h2>
<div class="lb-trans"><h2>賣出普拉格能源的理由</h2>
</div><p>Plug Power has experienced solid top-line growth in recent years, with revenue increasing by 27% last year to $891 million. However, the current landscape paints a different picture. In the first three quarters of 2024, revenue plummeted to $437 million, reflecting a 35% decline compared to last year.</p>
<div class="lb-trans"><p>普拉格能源近年來經歷了穩健的收入增長，去年收入增長 27%，達到 8.91 億美元。然而，目前的形勢卻呈現出不同的畫面。在 2024 年的前三個季度，收入驟降至 4.37 億美元，較去年下降了 35%。</p>
</div><p>This downturn is mainly attributable to the company's struggles with hydrogen infrastructure sales. In the current year, it completed only 11 hydrogen site installations, a stark contrast to the 41 installations from the previous year. This reduction illustrates the slower-than-anticipated development of the hydrogen economy.</p>
<div class="lb-trans"><p>這一下滑主要歸因於公司在氫氣基礎設施銷售方面的困難。今年，該公司僅完成了 11 個氫氣站的安裝，遠低於去年的 41 個安裝。這一減少反映出氫經濟的發展速度低於預期。</p>
</div><p>Moreover, Plug Power is grappling with rising losses. As of Sept. 30, the company reported an operating loss of $720 million, slightly worse than the $718 million loss from the prior year. Over the last 12 months, Plug Power's total losses are a staggering $1.4 billion.</p>
<div class="lb-trans"><p>此外，普拉格能源還面臨着不斷上升的虧損。截至 9 月 30 日，該公司報告的營業虧損為 7.2 億美元，略高於去年 718 萬美元的虧損。在過去 12 個月中，普拉格能源的總虧損高達 14 億美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/5e5f7b9fc9d9c7a977597b9df532d00e.png" alt="" original-src="https://media.ycharts.com/charts/5e5f7b9fc9d9c7a977597b9df532d00e.png"/></p>
<p>PLUG revenue (TTM), data by YCharts; TTM = trailing 12 months.</p>
<div class="lb-trans"><p>PLUG 收入（TTM），數據來源於 YCharts；TTM = 最近 12 個月。</p>
</div><p>In response to these challenges, the company has initiated cost-reduction strategies and hired Dean Fullerton as the new chief operating officer (COO). With his experience overseeing engineering services for Amazon across various regions, Fullerton is expected to enhance Plug Power's operational efficiencies and optimize its supply chain.</p>
<div class="lb-trans"><p>針對這些挑戰，該公司已啓動成本削減策略，並聘請 Dean Fullerton 擔任新任首席運營官（COO）。憑藉他在亞馬遜各地區監督工程服務的經驗，Fullerton 預計將提升普拉格能源的運營效率並優化其供應鏈。</p>
</div><p>Management has adjusted its revenue projections for the coming year, estimating between $850 million and $950 million -- well below its previous estimates of $1.5 billion.</p>
<div class="lb-trans"><p>管理層已調整了未來一年的收入預測，預計在 8.5 億至 9.5 億美元之間，遠低於之前 15 億美元的預測。</p>
</div><p>On a more promising note, the Department of Energy (DOE) awarded Plug Power a conditional loan of $1.66 billion in May to finance the construction of six clean hydrogen plants. These will produce hydrogen intended for use by clients within the material handling, transportation, and industrial sectors.</p>
<div class="lb-trans"><p>更為樂觀的是，能源部（DOE）在 5 月向普拉格能源授予了一筆 16.6 億美元的有條件貸款，以資助六個清潔氫氣工廠的建設。這些工廠將生產氫氣，供物料搬運、運輸和工業領域的客户使用。</p>
</div><p>However, with the political dynamics shifting, particularly with the Trump Administration's impending inauguration in January, CEO Andy Marsh looks to secure this loan before the transition. Failure to do so could significantly hinder the company, which is already facing cash flow challenges.</p>
<div class="lb-trans"><p>然而，隨着政治動態的變化，尤其是特朗普政府將在 1 月即將就職，首席執行官 Andy Marsh 希望在過渡之前確保這筆貸款。如果未能如願，可能會嚴重阻礙該公司，而該公司已經面臨現金流挑戰。</p>
</div><h2>Buy, hold, or sell Plug Power?</h2>
<div class="lb-trans"><h2>購買、持有還是賣出普拉格能源？</h2>
</div><p>Plug Power's technology could help further develop the renewable energy industry. However, the company faces significant challenges due to declining revenue and disappointing forward-looking projections. Most recent projections from analysts show that it may not be profitable until 2028.</p>
<div class="lb-trans"><p>普拉格能源的技術可能有助於進一步發展可再生能源行業。然而，由於收入下降和令人失望的前景，該公司面臨重大挑戰。最新的分析師預測顯示，該公司可能要到 2028 年才會盈利。</p>
</div><p>If you're intrigued by Plug Power's technology and prospects, it could be a stock to add to your watch list and track over time. I would like to see improved sales and more efficient operations that help bring down costs. However, given the uncertainties ahead and its lack of financial success, I'd say the stock is a sell right now.</p>
<div class="lb-trans"><p>如果你對普拉格能源的技術和前景感興趣，它可能是一個值得加入觀察名單並隨時間跟蹤的股票。我希望看到銷售額的改善和更高效的運營，以幫助降低成本。然而，考慮到未來的不確定性和其缺乏財務成功，我認為目前該股票是賣出。</p>
</div>

普拉格能源：是該買入、賣出還是持有？