![]() ![]() But, more excitingly, Plug Power is is the early stages of applying this tech into much bigger end-markets, like green hydrogen generation, consumer autos, long-haul trucking, stationary, and more. Plug Power is currently applying these industry-leading fuels cell to the materials handling end-market, where they are powering Walmart (NYSE: WMT), Home Depot (NYSE: HD), and Amazon (NASDAQ: AMZN) forklifts. Over that time, the company has proprietarily developed the industry’s highest-performing and lowest-cost hydrogen fuel cells. The company has been in the game of making hydrogen fuel cells for decades now. One of those core energies will be hydrogen, since it has certain innate scientific advantages from being the lightest element in the universe that render it the most cost-efficient clean energy solution in end-markets where dense, always-on batteries that last forever are particularly useful (think forklifts, long-haul trucks and power for data-centers). By 2050, we will live in a world powered end-to-end by renewable energies. The world is pivoting toward clean energy. Ignoring interest noise for a second, Plug Power is still leading the multi-trillion-dollar Hydrogen Revolution. Plug Power Is Still Leading the Hydrogen Revolution Importantly, the 10-Year yield has historically never surpassed the 3-Month yield plus real GDP growth unless during a time of significant economic contraction (and therefore, negative GDP growth). This relationship is unmistakably strong. Historically, the 10-Year Treasury yield has very closely tracked the sum of the 3-Month Treasury yield (a proxy for inflation which the Fed controls with its target interest rate) plus real GDP growth. ![]() Instead, it looks like the 10-Year Treasury yield will max out around 2% over the next few years. And if yields were to rise forever, then I’d say growth stocks like PLUG stock will keep plunging.īut yields aren’t going to rise forever. The basic thinking is that, as long-term yields rise, equity valuations will correct lower, because stocks and bonds are competing investment vehicles, so as bond yields rise, the required rate of return on stocks rises, too. PLUG stock has been hammered over the past few weeks because of fears related to a sharp rise in long-term bond yields. That means that if time is on your side, PLUG stock looks like a great buy at currently depressed prices.
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