You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Plug Power's problem isn't growth, it's having enough money to fund growth in 2024.
Growth stocks overall had a great recovery year in 2023, but that wasn't the case for Plug Power (PLUG 1.26%). Shares struggled as losses mounted and the company itself questioned if it would survive without more funding.
In this video, Travis Hoium highlights the challenge for Plug Power and explains why this may not be a good place for your money in 2024.
*Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Dec. 31, 2023.
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 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.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
