Plug Power Shares Sink, but Could the Stock Be Poised for a Rally Later This Year?

Shares of Plug Power (NASDAQ: PLUG) sank after the company reported its second-quarter results. But with the passage of U.S. budget reconciliation legislation (referred to by some as "One Big Beautiful Bill") this summer and its support for the hydrogen industry, the question arises: Are better times ahead for Plug Power and its investors? Let's take a closer look at the company's results and its commentary to find out.Plug Power's original core business was manufacturing a hydrogen fuel cell used in forklifts and other material-handling equipment. Such forklifts are generally used in high-volume warehouses and distribution centers, and the company counts large retailers, such as Amazon, Home Depot, and Walmart, among its customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool