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Plug Power's Enormous Cash Problem

Plug Power continues to lose money, and that's become a bigger problem as the stock falls.

By Travis Hoium – Aug 14, 2024 at 11:57AM EST

Plug Power (PLUG +4.48%) has long been a high-potential company, but it hasn't translated that potential into profits for investors. In this video, Travis Hoium shows why the company's options are running out as the stock drops.

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

Read Next

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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X@travishoium

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.

Stocks Mentioned

Plug Power Stock Quote
Plug Power
NASDAQ: PLUG
$2.33
(+4.48%)+$0.10
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$215.58
(+3.28%)+$6.85
Walmart Stock Quote
Walmart
NASDAQ: WMT
$127.19
(-0.56%)-$0.72

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

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