Plug Power: Buy, Sell, or Hold?
According to many metrics, Plug Power (NASDAQ: PLUG) is on a roll. Since the start of 2021, sales have skyrocketed by 2,000%. Plus, the company operates in what could someday become a trillion-dollar industry: hydrogen fuel.
It's reasonable to be optimistic about Plug Power. But does all this promise make the stock a buy? You may be surprised by the answer.
Before we get into the stock, let's cover what exactly Plug Power does. The company designs and manufactures hydrogen fuel-cell systems, a promising technology that could help the world transition away from fossil fuels.
Source Fool.com
