Plug Power (NASDAQ: PLUG), a developer of hydrogen fuel cell systems, was one of the biggest boom and bust stories of the dot-com bubble more than two decades ago. The company went public at a reverse split-adjusted price of $150 per share on Oct. 29, 1999, and its stock soared nearly tenfold to its record high of $1,498 on Mar. 10, 2000.

But today, Plug's stock trades at about $2 a share. A $10,000 investment in its IPO would only be worth $160 today. It briefly surged to the mid-60s during the buying frenzy in meme stocks in early 2021, but those gains evaporated for three reasons.

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Source Fool.com