.png)
Down 75%, Is Plug Power a Screaming Buy, or Will It Keep Plunging?
Plug Power's (NASDAQ: PLUG) stock has gotten pulverized over the past year. Shares are down by 75% over that time span, woefully underperforming the S&P 500's more than 12% rise over the same period. Several factors have weighed on the hydrogen company's stock price, including the dilutive share sales it engaged in to fund its operations and expansion. However, while the shares are down sharply, there are some positive points to be made about the business. The question is whether those catalysts make the hydrogen stock a buy or if it will likely continue sinking.Image source: Getty Images.Continue reading
Plug Power's (NASDAQ: PLUG) stock has gotten pulverized over the past year. Shares are down by 75% over that time span, woefully underperforming the S&P 500's more than 12% rise over the same period. Several factors have weighed on the hydrogen company's stock price, including the dilutive share sales it engaged in to fund its operations and expansion.
However, while the shares are down sharply, there are some positive points to be made about the business. The question is whether those catalysts make the hydrogen stock a buy or if it will likely continue sinking.
Image source: Getty Images.
