Plug Power Says It Can Grow Sales 1,567% by 2030: Time to Buy?

By Jason Hall and Tyler Crowe – Updated Oct 23, 2023 at 1:30PM

NASDAQ: PLUG

Plug Power

Market Cap

$3B

Today's Change

(10.71%) $0.33

Current Price

$3.41

Price as of May 22, 2024, 4:00 p.m. ET

Past revenue growth hasn't added anything to the bottom line. Investors should watch for a change there first.

Green hydrogen is expected to be a big part of the future of energy. Plug Power (PLUG 10.71%) says it can 17x its revenue by 2030 on this trend. In this video, Motley Fool contributors Jason Hall and Tyler Crowe give their answer to whether investors should buy shares of the company at this point.

*Stock prices used were from the morning of Oct. 18, 2023. The video was published on Oct. 23, 2023.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall 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.