2023-07-12 05:29:00 ET
Green hydrogen -- hydrogen generated by renewable energy or from low-carbon power -- is an emerging technology with the potential to grow into a massive market opportunity. Plug Power (NASDAQ: PLUG) is one company leading the green hydrogen charge.
Plug Power has delivered solid returns for investors despite never turning a profit in over two decades as a publicly traded company. More recently, the returns have increased. If you invested $500 in Plug Power stock at the start of 2019, that investment would be worth $4,278 today. That's an eight-fold return and it crushes the S&P 500 's gain in the same period.
However, those returns also came with enough volatility to make the average investor's stomach churn. In early 2021, your $500 investment would have turned into as much as $29,510. But the stock declined dramatically since then.
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If You Invested $500 in Plug Power in 2019, This Is How Much You Would Have Today