Plug Power: Green Energy Play Fails

This is a news story, published by Yahoo Finance, that relates primarily to Plug Power news.

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Plug Power Stock

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The Motley Fool

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Technology

Where Will Plug Power Stock Be in 1 Year?

Summary

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80% Informative

Plug Power (NASDAQ: PLUG) is a developer of hydrogen-powered residential systems.

The company went public in 1999 , but its ambitious plan flopped because producing hydrogen is more expensive than producing oil or natural gas.

In the two decades following the dot-com bust, Plug Power pivoted toward selling hydrogen fuel cells and charging services for forklifts in warehouses and fulfillment centers.

Today , Plug's stock trades about 99% below its IPO price and slumped about 10% over the past year .

Plug Power will grow slower than expected in 2025 as the macro environment remains challenging for green energy companies.

Plug Power might bottom out and head a little higher over the next 12 months , but I don't expect it to beat analysts' rosy estimates or stay ahead of the broader market.

Don’t miss this second chance at a potentially lucrative opportunity.

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