What’s that? Well, Wall Street and analysts have short memories. Prior to the Plug Power analyst call on Friday November 10th it was 99.5% off its peak stock market valuation, something that occurred in March of 2000 at just under $1,500. Now it’s off 97.7%. That’s 0.2% variance in stock valuation, which is hardly news. Unless it’s about hydrogen in 2023 then breathless angst ensues.
Ballard Power, another fuel cell hydrogen for energy favorite of long standing, was ‘impacted’ by this news as well. It went from 97.1% off its peak stock market valuation to 97.5% off.