Plug Power’s 25-Year Outlook: Hydrogen Stock’s Long-Term Potential
Plug Power (PLUG -2.30%), founded in 1997 and public since 1999, stands at a pivotal moment as renewable energy adoption surges. By 2050, renewables could meet two-thirds of global power demand, positioning this hydrogen-focused company for potential growth. Yet, questions linger about hydrogen's economic viability and Plug Power's technological edge.
Hydrogen fuel, long championed as a green solution for heavy industries like aviation and steel, faces a critical hurdle: cost. Despite technological progress, the economics remain challenging. Investors weighing Plug Power's sub-$5 billion market cap must balance these risks against the sector's transformative potential.