Reported about 2 months ago
Plug Power's stock has plummeted from a high of $70 in 2021 to under $3 today, with Wall Street struggling to predict its future due to long-term cash flow projections that stretch decades. Analysts have revised their expectations downward, with an average price target of $4.91, but the company's ongoing losses and capital expenditures signal that it may take years before profitability is achieved. Consequently, investors are advised to be cautious before investing in Plug Power.
Source: YAHOO