1 Reason I'm Still Keeping an Eye on Plug Power Stock, Despite Recent Lows
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Plug Power's stock has seen a significant decline of 94% over the past three years, including a 27% drop this year. However, the stock has recently rebounded from its all-time low, driven by a growth in revenue and reduced capital spending. The company's focus on hydrogen fuel cells and electrolyzers has led to a 21% increase in Q2 revenue, with electrolyzer sales tripling. As data center demand grows, Plug Power could benefit from partnerships with tech companies, potentially reversing its fortunes in the energy market.
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