Plug Power's Freefall: Why This Time Is Different

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

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

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

Plug Power (PLUG 1.26%) 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.

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.