The Crowd Is Dumping Plug Power. Here's Why I'd Be Buying It Down 40%.
Plug Power's stock has dropped 40% from its 52-week high due to fears of interest rate hikes and sluggish hydrogen adoption, but the author views this as a buying opportunity. The company, which sells hydrogen fuel cells and related systems, is expected to resume growth in 2025 and achieve positive adjusted EBITDA by late 2026, driven by new projects and increased green hydrogen production. Despite liquidity concerns, its valuation appears reasonable given its significant growth potential in the expanding green hydrogen market.
https://www.theglobeandmail.com/investing/markets/stocks/NVDA-Q/pressreleases/2498578/the-crowd-is-dumping-plug-power-here-s-why-i-d-be-buying-it-down-40/