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Omor Ibne Ehsan

Is This a $370 Million Reason to Buy Plug Power Stock Now?

Plug Power PLUG Andy Marsh

Plug Power (PLUG) has spent over 25 years making hydrogen fuel technology possible. It has gone through multiple market cycles, and cash has always been the limiting factor for the company.

PLUG stock has been in a perpetual state of decline due to the company raising cash through dilution. It has used cyclical surges in its share price to raise large sums of cash. For example, cash jumped from $194 million in 2019 to $2.6 billion in 2021.

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