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Why I'm Avoiding Plug Power Stock

Management continues to let down shareholders, and that isn't stopping anytime soon.

By Travis Hoium – Apr 2, 2023 at 6:45AM EST

Plug Power (PLUG +4.95%) has been a hot name for years, but it's never been able to translate that into a profitable business. Growth has been tremendous, and the value of the company is up, but shareholders haven't benefited and there's a big reason why, which Travis Hoium digs into in this video. 

*Stock prices used were end-of-day prices of March 29, 2023. The video was published on April 2, 2023.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com and Walmart. The Motley Fool has a disclosure policy. 

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Plug Power Stock Quote
Plug Power
NASDAQ: PLUG
$2.23
(+4.95%)+$0.11
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$212.65
(-0.78%)-$1.68
Walmart Stock Quote
Walmart
NASDAQ: WMT
$123.47
(-1.32%)-$1.65

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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