Is Plug Power a Buy?
With more than 100 global climate strikes now in the rearview mirror, investors may be left wondering if now is the time to initiate -- or increase -- positions in renewable energy companies. Among solar power companies, electric vehicle manufacturers, and other clean energy-affiliated businesses, though, the choices may seem overwhelming. So let's narrow our focus and take a closer look at Plug Power (NASDAQ: PLUG), a global leader in fuel cell solutions.
Having risen more than 108% year to date, shares of Plug Power have been on a tear so far in 2019. You might assume that the stock has gotten ahead of itself and doesn't offer a compelling buying opportunity, but it would be foolhardy to make a snap judgment such as this -- especially considering the bright future management sees on the horizon.
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Source Fool.com
