Plug Power Inc. Stock News

Plug Power (PLUG -1.74%) isn't a penny stock, but it isn't far off, with a stock price hovering around $1.50 right now. Is it worth jumping in while the price is below $2 and over 95% below the all-time high price it hit around the turn of the century?

Plug Power (PLUG -3.10%) has an exciting backstory, but the facts on the ground for investors are less sanguine. There's a reason its stock price has fallen more than 95% from the all-time highs it hit in 2021.

It's a tough time to invest in energy stocks. Despite being in peak hurricane season, when supply disruptions usually push crude higher, oil is stuck around $60 a barrel, leaving energy stocks under pressure.

Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Energy is vital for modern society. It's also so omnipresent that many people take it for granted -- at least until there's a blackout.

Plug Power (PLUG 8.77%), a leading developer of hydrogen charging and storage technologies, has been a disappointing long-term investment. It went public at a reverse-split-adjusted price of $150 in 1999, soared to a record high of $1,498 at the peak of the dot-com bubble in early 2000, but now trades at less than $2.

Clean energy is a long-running growth trend in the industrial sector. Hydrogen fuel cells have promise due to their ability to produce electricity with heat and water vapor as their only by-product.

Over the past 25 years, Plug Power (PLUG 9.09%) has demonstrated that there's a strong appetite for both fuel cell solutions and hydrogen. From its longtime partnership with Walmart to the recent development of a hydrogen production plant in Louisiana, Plug has notched a variety of victories.