Down 45% From July Highs, Can Plug Power Stock Rebound?

Clean energy stocks, such as Plug Power (PLUG), offer an attractive risk-reward profile to investors. These stocks were trading near all-time highs in late 2021, but have since fallen by a wide margin due to their steep valuations and macro headwinds. 

In fact, Plug Power stock is down 90% from its all-time highs, valuing the company at $4.53 billion by market cap. Moreover, Plug Power stock is down 40% year-to-date, and 45% from its July highs alone - creating a potential opportunity to buy shares of this renewable energy name on the dip.