Plug Power Stock Is Cheap, but Does That Make It a Buy Now?

Plug Power (NASDAQ: PLUG), 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.However, with a market cap of $1.8 billion, Plug looks cheap at less than two times next year's sales. Should you consider it an undervalued play on the nascent hydrogen market?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool