Simply Wall St.

A Look Into the Ownership of Plug Power Inc. (NASDAQ:PLUG)

While it is evident that the world is heading toward replacing internal combustion, the war for its successor is raging on. One of the aspiring candidates is the hydrogen fuel cell system, developed by the companies such as Plug Power Inc. (NASDAQ: PLUG) After soaring as high as US$75 earlier this year, the stock retraced to US$20, showing the ugly side of emerging technology volatility. Yet, the latest optimism seems to be turning the tide.

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