My take: Is 10× likely? What might be more realistic?
If I were to put odds (just ballpark) on whether PLUG becomes a 10× over, say, the next 5-10 years, I’d say it’s possible but unlikely, unless:
• They can execute very well,
• Avoid too much dilution,
• Benefit from strong policy tailwinds,
• And the hydrogen market (especially green hydrogen) scales faster and cheaper than many expect.
More realistic scenarios:
• It modestly multiplies (maybe 2×-5×) if things go right but not perfect.
• If things go poorly, the possibility of flat returns or significant downside is real.
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