Where Will Plug Power Be in 25 Years?
Plug Power (NASDAQ: PLUG) held its IPO in 1999. At the time, investors were enthusiastic about the company's business model, which promised to usher in a new era of renewable energy using hydrogen fuel cells. Within months, shares zoomed higher from a split-adjusted $160 per share to more than $1,300 per share.
The excitement did not last. The dot-com bubble soon burst, and Plug Power's stock price gradually fell in value by more than 99%. However, we are in a much different world more than 25 years after Plug Power's IPO. Hydrogen fuel cells are arguably more powerful and efficient than ever. Demand projections, meanwhile, have picked up given a growing global emphasis on clean-burning fuels.
How will the next 25 years play out for Plug Power? There are three important questions to monitor.
Source Fool.com
