Plug Power Stock: Buy, Sell, or Hold?
Plug Power (NASDAQ: PLUG), a developer of hydrogen charging technologies, has shed about 99% of its value since its initial public offering (IPO) in 1999. It initially planned to design and build hydrogen-powered residential systems, but that plan fizzled out and it pivoted toward selling hydrogen fuel cells and charging systems for warehouse forklifts.
That new business attracted the attention of Amazon (NASDAQ: AMZN) and (NYSE: WMT), and the two retail giants became Plug Power's two biggest customers. But it still struggled with sluggish sales growth and steep losses over the past few years, and a dimming outlook for the niche hydrogen market drove its stock to all-time lows.
Is there any hope left for Plug Power at these levels? Let's review the main reasons to buy, sell, and hold this divisive stock.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 99 Buy predictions and no Sell predictions.
On the other hand, the target price of 107 € is below the current price of 108.34 € for Walmart Inc., so the potential is actually -1.24%.
