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favor hydrogen stockThe Motley Fool
•80% Informative
Plug Power was considered a promising play on the nascent hydrogen fuel cell market when it went public in 1999 .
Many of its investors retreated after the dot-com bubble burst in 2000 ; its growth cooled off; and it struggled with accounting issues from 2018 to 2020 .
Its two largest customers are Amazon (NASDAQ: AMZN) and Walmart ( NYSE : WMT ).
Plug Power relies too heavily on Amazon and Walmart ; it's trying to boost its sales with margin-crushing acquisitions.
For now, I'd definitely sell or avoid Plug Power until it addresses those long-term concerns.
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now and Plug Power wasn’t one of them.
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