Should You Buy Plug Power Stock While It's Below $3?

Plug Power (NASDAQ: PLUG), a leading developer of hydrogen charging technologies, has been a disappointing investment over the past year. After reaching a 52-week high of $3.34 per share on July 16, 2024, it declined nearly 60% to its current price of about $1.50.Should you buy Plug's stock after that pullback, or will it sink even lower?When Plug Power went public in 1999, it planned to develop hydrogen fuel charging systems for homes. But high production costs, soft consumer demand, the difficulty of building new hydrogen charging infrastructure, and high regulatory hurdles shattered that dream.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool