Ballard Power Systems (NASDAQ: BLDP) was the best-performing fuel-cell stock of 2019, soaring 190%, and has continued to fly even higher in 2020, returning more than 162% year to date. But with nearly three months left in the year, it remains to be seen which fuel cell stock will win the title this year -- though Plug Power (NASDAQ: PLUG) is several furlongs ahead in the horse race.
Fueled by the company's ambitious five-year growth plan, investors have launched Plug Power's stock 483% higher so far this year, while the next best performing fuel cell stock, Bloom Energy (NYSE: BE) , has risen more than 200%. But with such impressive gains behind it, many forward-looking investors are wondering if Plug Power has finally turned a corner, if the stock can maintain its upward trajectory, and if it's still a good time to pick up shares.
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Plug Power Stock Is Up Almost 500% in 2020: Is It Still a Buy?