Is Plug Power Stock Overpriced?
Renewable energy investments have gained in popularity over the past year. The electrification of transportation, along with solar and wind generation, have taken many of the headlines. But hydrogen power has started to gain more mainstream attention, too, and investors have jumped in.
Much of that attention has gone to hydrogen fuel cell maker Plug Power (NASDAQ: PLUG). After it announced several strategic business agreements, and investors drove the stock up about 1,500% since January 2020, some investors are likely wondering whether the stock is overvalued or just getting started. After a recent 35% correction from last month's highs, now is a good time to decide.
A hydrogen fuel cell vehicle. Image source: Plug Power.
Source Fool.com
