Is Plug Power Stock a Buy?
A few different things can be true at the same time. First thing: Plug Power (NASDAQ: PLUG) has been a massive long-term winner. Investors who have held shares for three, five, or 10 years have made a lot of money.
Second thing: Plug Power the business has never made money. In nearly 25 years as a public company, it has never generated a full year of profits and never generated a full year of positive cash flow. It has only nibbled at profitable quarters a handful of times in a quarter century.
But is that finally about to change? Hydrogen seems to be having its moment, and big partners are lining up to spend billions to access green Hydrogen as a fuel source for transportation, shipping, energy storage, and electricity production. And Plug Power says it's poised to take a big share of this future market.
Source Fool.com
