Plug Power’s Hydrogen Growth Is Taking a While. Bulls Are Reining in Hopes.
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Plug Power shares dropped after the hydrogen and fuel cell technology company’s fourth-quarter growth disappointed Wall Street. While analysts were positive about the company’s long-term outlook, some are becoming more cautious in the near term.
Plug Power (ticker: PLUG) offers one of the most prominent plays on green hydrogen technology but shares have dropped 43% over the last 12 months after a number of misses against revenue expectations.
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