Plug Power is cutting back on spending for hydrogen development. The company is seeing revenue growth from fuel cell and electrolyzer sales. Fuel cell peer Bloom Energy is paving the way for Plug to expand its business. Plug Power stock has dropped 94% in the last three years but has rebounded recently. Operating cash usage is down 40% with a 21% revenue increase in Q2. Bloom Energy’s deal with Oracle shows potential for Plug Power in data centers. Plug Power could become a major player in renewable energy with partnerships in data centers. The Motley Fool Stock Advisor team did not include Plug Power in their list of top 10 stocks.

Read more at Yahoo Finance: 1 Reason I’m Still Keeping an Eye on Plug Power Stock, Despite Recent Lows