Is Plug Power Stock a Buy?
Plug Power (NASDAQ: PLUG) has been a high-profile renewable energy company for more than a decade, hoping to transform how we use energy by making hydrogen fuel more available and cost-effective.
As big as the hydrogen opportunity is, however, the ride for investors has been volatile. Losses have grown despite improving revenue, and hopes for future profitability have been pushed off again and again. Is now a time to buy Plug Power stock or steer clear?
Plug Power's appeal to investors has always been about growth. In the mid-2010s, the growth was in materials handling. Then came opportunities in backup power, and recently the opportunity is in electrolyzers turning renewable electricity into hydrogen fuel.
Source Fool.com
