Where Will Plug Power Stock Be in 5 Years?

With shares up by around 200% over the past six months, Plug Power (NASDAQ: PLUG) might look as though it's on a path to recover from its long-term slump. Investors are seemingly more optimistic about its green hydrogen fuel cells -- a technology that promises to offer a virtually limitless supply of clean energy to help businesses reduce their reliance on carbon-emitting fuels. However, anyone who has watched the stock market for a while knows that speculative rallies rarely stand the test of time if they aren't backed by strong fundamentals. And in the case of Plug Power, this recovery was coming from near the bottom of a slide that took it to a more than 10-year low in May. So what might the next five years bring for the stock?Based on Plug Power's stock price of just $2.70 today, it would be easy to assume that it's a small start-up early in its efforts to make a name for itself. But that's not the case. The company hit the market through an initial public offering at $15 a share all the way back in 1999, and rocketed to an all-time high of $1,498 the following year during the dot-com bubble. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool