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Should You Buy Plug Power While It's Below $2.50?

TheMotleyFool

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Should You Buy Plug Power While It's Below $2.50?: https://g.foolcdn.com/editorial/images/787488/hydrogen-energy-getty.jpg

Plug Power's (NASDAQ: PLUG) hydrogen fuel cell solutions could help usher in a newer, cleaner, sustainable energy source. With some estimates projecting that the green hydrogen energy market could grow to $30 billion by 2030, Plug Power's long-term opportunity is huge.

However, despite being a leading hydrogen energy stock, the company has struggled mightily over the past several years. The stock recently peaked in 2021 at around $75 per share, but since then, it has plummeted 97%.

Plug Power, priced under $2.50 per share, may appear to be cheap, but there are some things you'll want to know before scooping up this energy company.

Source Fool.com

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