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Barchart
Barchart
Aditya Raghunath

Is Plug Power a Good Renewable Energy Stock to Buy Now?

Investors looking to gain exposure to clean energy companies can consider buying shares of Plug Power (PLUG). Valued at a market cap of $7.4 billion, Plug Power provides hydrogen fuel cell (HFC) turnkey solutions. Its innovative technology powers electric motors with HFCs as sectors such as power, energy, and transportation are looking to address climate change and energy security issues. 

Plug Power has successfully created the first commercially viable market for HFC technology, allowing the company to benefit from a first-mover advantage. It has deployed more than 60,000 fuel cell systems for e-mobility, which is the highest in the world. Plug Power is also the largest buyer of liquid hydrogen as it already operates a hydrogen highway across North America. 

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