Is Plug Power Stock a Buy Now?
As the world looks toward renewable fuel sources, Plug Power (NASDAQ: PLUG) aims to build on its hydrogen fuel cell technology and become a leader in the end-to-end hydrogen ecosystem.
These lofty ambitions could pay off in a big way, thanks to the massive potential market for green hydrogen. According to Deloitte consultants, the green hydrogen market is projected to skyrocket to an astonishing $1.4 trillion by 2050.
However, it's been a tough ride for Plug since its 1999 initial public offering (IPO). The company has struggled to find its footing, and its pursuit of building out hydrogen infrastructure has been an uphill battle. While the market opportunity is expansive, investors should consider the following before adding Plug Power stock to their portfolio.
Source Fool.com
