Shares of fuel-cell energy company Plug Power, Inc. (NASDAQ:PLUG) have been languishing at depressed levels despite the promising potential the company’s business holds.
CNBC Mad Money host Jim Cramer‘s recent comments voiced the frustration some Plug Power investors might be experiencing.
What Happened: “I just can't be a fan of a stock that's losing, of a company that's losing that much money when the CEO told me they'd be making some money,” he said in CNBC’s Lightning Round which responds to callers’ stock questions.
In a post on X, formerly Twitter, Cramer said on Wednesday “Plug Power has so far not proven to be a great stock even if one day it might be a solution,” adding, “Please consider this..”
Why It’s Important: Plug Power went public in Oct. 1999 and the stock topped $1,500 the ...