Should You Buy the Dip on Plug Power Stock for 2024?
Plug Power (NASDAQ: PLUG) has taken its shareholders on quite a roller-coaster ride over the past few years. Five years ago, it was a stock no one cared about, and it traded for about $1 per share. During the investing enthusiasm of 2020 and 2021, the stock topped more than $70. However, it's been a long march downward since then, as the stock trades for about $4 now.
It would be a massive win for shareholders if it could return to its highs (or even half of that). So, should you buy the dip on Plug Power's stock?
Plug Power is completely invested in the rise of hydrogen power for vehicles. It covers all aspects of the ecosystem: production, transportation, and end-use. While electric vehicles (EVs) have taken the lead in green energy vehicles, hydrogen power is still around in various vehicles.
Source Fool.com
