Is Plug Power Stock a Millionaire Maker?
Clean energy is a long-running growth trend in the industrial sector. Hydrogen fuel cells have promise due to their ability to produce electricity with heat and water vapor as their only by-product. Plug Power (NASDAQ: PLUG) provides end-to-end hydrogen fuel and infrastructure, with hopes of becoming a clean energy giant, on par with ExxonMobil or in the oil and gas business. But it has been a tumultuous journey thus far. The company went public in 1999 and has done little aside from destroying value for its shareholders over the years.
The stock surged again in late 2021, but has fallen a breathtaking 97% from its high that year.
What continues to go wrong, and does Plug Power have a comeback in store that could make investors rich, perhaps even millionaires, if it can regain its prior peaks? Here is what you need to know about this controversial clean energy giant.
Source Fool.com
