2024-03-09 05:47:00 ET
Plug Power (NASDAQ: PLUG) stock has been on a roller coaster. In 2020, shares suddenly zoomed, increasing 60 times in value. Over the next several years, however, the stock gave up nearly all of those gains.
With a history of huge runs followed by steep losses, it is fair to ask: What will happen to Plug Power stock over the next five-year period?
Plug Power bills itself as a bet on clean energy. Globally, more than $1.7 trillion was invested in clean energy projects in 2023. That's nearly twice the annual investment into fossil fuel production. Plug Power's management team wants investors to view the company as a key beneficiary to this huge and growing market.
For further details see:
Where Will Plug Power Stock Be in 5 Years?