The Simple Reason I Won't Buy Plug Power, Inc. Stock
There may not be a small-cap energy stock that's more polarizing than Plug Power Inc (NASDAQ: PLUG), the hydrogen fuel cell specialist with ambitious growth plans. The company is currently a supplier of fuel cells and hydrogen for warehouses and companies doing materials handling and winning major contracts with Wal-Mart Stores and Amazon, along with the hearts of a lot of investors.
Those two contracts have driven revenue growth for Plug Power, which the market has bought into at times. The one problem is that Plug Power doesn't have a record of making money or turning growth contracts into profitable growth. A history of failing to generate shareholder value is why I won't be buying Plug Power's stock.
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Source: Fool.com
Plug Power Inc. Stock
Our community is currently high on Plug Power Inc. with 23 Buy predictions and 12 Sell predictions.
Based on the current price of 2.19 € the target price of 6 € shows a potential of 173.91% for Plug Power Inc. which would more than double the current price.