Could Plug Power Stock Help You Retire a Millionaire?

Plug Power (NASDAQ: PLUG) has grown its revenue impressively in the last few years. Yet it is still nowhere near profitability. That's a mixed signal, which makes it hard to decide where the company is headed. Given the way it is progressing, Plug Power may take quite a few years before it becomes profitable. For a growing company, that isn't necessarily a concern.

Let's take a longer view -- a decade and beyond -- and try to find if Plug Power stock can help you retire a millionaire.

The use of hydrogen as a fuel is increasingly gaining traction. Many countries are actively promoting hydrogen. As an example, South Korea is targeting 81,000 fuel cell electric vehicles (FCEVs) in use by 2022 and hopes to increase this number to 2.9 million by 2040. In 2019, countries participating in the Second Hydrogen Energy Ministerial Meeting in Japan set a goal of putting 10 million FCEVs on roads by 2030.

Source Fool.com