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