How Buying Plug Power Stock Today Could 10x Your Net Worth

Plug Power (NASDAQ: PLUG), a developer of hydrogen charging technologies, was one of the hottest stocks of the dot-com bubble. It went public at a reverse-split-adjusted price of $150 in 1999 and skyrocketed nearly tenfold to a record high of $1,498 in early 2000.Today, its stock trades at about $2. Like many of the hot IPOs of that era, it overpromised and underdelivered. The company initially planned to build hydrogen charging systems for homes to disrupt traditional power companies. Still, the plan fizzled out in the early 2000s due to high infrastructure costs, regulatory challenges, and soft consumer demand.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool