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Plug Power's Freefall: Why This Time Is Different

Plug Power's options for financing its business are running out.

By Travis Hoium – Jan 24, 2024 at 10:10AM EST

Plug Power (PLUG +2.58%) has been through turbulent times before, but the recent drop in the stock and growing losses make this different from previous downturns. In this video, Travis Hoium covers why this won't end well for Plug Power without the company turning major parts of its operation around soon.

*Stock prices used were end-of-day prices of Jan. 23, 2024. The video was published on Jan. 23, 2024.

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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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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.

Stocks Mentioned

Plug Power Stock Quote
Plug Power
NASDAQ: PLUG
$2.19
(+2.58%)+$0.06

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

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