Plug Energy (PLUG), a number one maker of hydrogen gasoline cells, is making an attempt to rebound as momentum in renewable vitality lifts shares. Is PLUG inventory a purchase proper now?
Latham, N.Y.-based Plug Energy provides hydrogen gasoline cells primarily for forklifts in massive warehouses. Its gasoline cells substitute standard batteries in tools and automobiles powered by electrical energy. Plug Energy shoppers embrace retail giants Amazon (AMZN), Walmart (WMT), Nike (NKE) and House Depot (HD). PLUG inventory went public in 2002.
The corporate goals to provide greater than half of its hydrogen vitality from solely renewable sources by 2024.