1 High-Growth Stock to Avoid at All Costs

By Travis Hoium – Jan 16, 2024 at 9:40AM

NASDAQ: PLUG

Plug Power

Market Cap

$2B

Today's Change

(1.26%) $0.03

Current Price

$2.41

Price as of April 26, 2024, 4:00 p.m. ET

New energy sources may have a bright future, but this company doesn't.

Plug Power (PLUG 1.26%) rode a hype wave during the pandemic, but recently the company has had to face financial reality. The cash-flow burn is unsustainable and the balance sheet is getting more stretched by the day.

In this video, Travis Hoium shows why this is one stock you want to avoid today.

*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 15, 2024.

Travis Hoium 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. 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.