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What's Really Going On With Plug Power's Disaster Quarter

Losses continue to mount and Plug Power's options are dwindling.

By Travis Hoium – Nov 13, 2024 at 11:30AM EST

Plug Power's (PLUG +1.17%) business continues to burn through billions of dollars with no end in sight. In this video, Travis Hoium shows why the losses are so concerning and investors should be careful with this speculative energy stock.

*Stock prices used were end-of-day prices of Nov. 12, 2024. The video was published on Nov. 12, 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
$2.14
(+0.23%)+$0.01

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

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