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Plug Power’s Rally Is Just Beginning
Investors in Plug Power (NASDAQ:PLUG) may have witnessed one of the worst meltdowns of a renewable energy stock to date. From November last year to early March, PLUG stock had a meteoric rise. PLUG share price rose from around $14 to a high of $75 within a few short months–a gain of 5x within a very short timeframe. Source: Shutterstock However, investors elation didn’t last long. Due to the fading momentum in growth names, along with the company’s own missteps, PLUG stock entered into a downtre