Plug Power stock had a rollercoaster history, but may be undervalued with potential for growth.

From Nasdaq: 2024-04-27 03:29:00

Plug Power (NASDAQ: PLUG) had a rollercoaster ride during the dot-com bubble, soaring to $1,498 in 2000 before dropping to $2 today. The company struggled with slowed growth, financial restatements, lawsuits, and inadequate revenue. Still, Plug Power’s stock appears undervalued with potential for a major comeback. Its hydrogen fuel cell systems are used by major companies like Walmart and Amazon, but financial challenges persist with plans to turn losses into profits in the future. Analysts project revenue growth, but skepticism remains after past disappointments. The Motley Fool Stock Advisor team currently does not recommend investing in Plug Power.



Read more at Nasdaq: Where Will Plug Power Stock Be in 3 Years?