Should You Buy Plug Power Stock While It's Below $3?

Analysts are expecting big things from Plug Power (NASDAQ: PLUG) in 2025. According to Wall Street consensus estimates, the hydrogen fuel specialist should boost sales by roughly 36% in 2025. And just earlier this month, Plug Power received a $1.66 billion loan guarantee from the federal government to "help finance the construction of up to six facilities across several states that will produce clean hydrogen utilizing the company's own electrolyzer technology." In many ways, things are looking up for the company. But the share price tells another story. Over the past year, shares have lost around 25% of their value. The past few weeks have been particularly difficult, as the stock price has fallen well under the $3 mark.Is now the time to be contrarian and buy this embattled stock that's expected to have a rosy year ahead financially?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool