Many stocks have risen sharply from the March 2020 market bottom. Alternative energy stocks were some of the most loved by investors last year, including hydrogen fuel cell company Plug Power (NASDAQ: PLUG). Its shares are up over 800% over the last 12 months. But those gains have come down from the astounding 1,800% rise as recently as late-January 2021.
The stock has been in a free fall since then losing more than 50%, and investors interested in renewable energy names might want to know if Plug Power is a good buy now. To decide that, we need to look into why the stock has been cut in half over the last two months.
Image source: Getty Images.
Source Fool.com