Where Will Plug Power Stock Be in 10 Years?
This little hydrogen stock still has significant upside potential.
Overview
Plug Power (NASDAQ: PLUG), a developer of hydrogen charging technologies, went public at a reverse-split-adjusted price of $150 per share in 1999. Today, it trades at less than $3. Let's see why its stock crumbled -- and why it could bounce back over the next decade.
Image source: Getty Images.
Plug Power originally planned to build residential hydrogen charging systems. When low demand, high costs, and regulatory hurdles derailed that ambitious plan, it started developing hydrogen fuel cells, charging systems, electrolyzers, and storage systems instead.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.