Stock Analysis of Plug Power Inc.
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Stock prices of hydrogen companies of the likes of Plug Power skyrocketed in 2020 and reached staggering heights early this year following the US presidential election. The expectation was that the Biden administration would make hydrogen a key part of the national clean energy plan with lots of governmental support to fuel the hydrogen economy. The investment media jazzed the hydrogen stocks up. The US neo-broker Robinhood called Plug Power the “latest cult stock” and the stock was one of the most favorited trades on the platform. Read to find out if Plug Power has lived up to the expectations.