3 Reasons Plug Power's Stock Could Rise
For investors who have recently added Plug Power (NASDAQ: PLUG) to their portfolios, the stock has been a delight, rising more than 96% year to date. Longer-term investors, however, have suffered: Over the past 10 years, shares have plummeted 94%.
But the stock's long-term performance doesn't come as much of a surprise to those familiar with the renewable-energy sector, for its landscape is replete with stocks that have provided negative returns. Over the past 10 years, two leading clean-energy ETFs, the Guggenheim Solar ETF (NYSEMKT: TAN) and the PowerShares WilderHill Clean Energy ETF (NYSEMKT: PBW) are down 90% and 77%, respectively.
Although Plug Power faces many challenges in proving that hydrogen-based solutions can be a lucrative enterprise, there are several catalysts that could certainly drive the stock higher. Should any of the following events happen, however, it's incumbent upon investors to investigate much further before considering a position.
Source: Fool.com
Plug Power Inc. Stock
Currently there is a rather positive sentiment for Plug Power Inc. with 26 Buy predictions and 13 Sell predictions.
With a target price of 8 € there is potential for a 348.23% increase which would mean more than doubling the current price of 1.78 € for Plug Power Inc..
