Plug Power (PLUG) stock has recently fallen by 21.2% and is predicted by Trefis to drop further, potentially reaching $1, due to its “Unattractive” rating. Historically, similar sharp dips in PLUG stock have led to a median 12-month return of -31%, despite a median peak return of 43%. The article suggests caution for investors considering buying the dip, emphasizing the need to evaluate the company’s financial quality metrics which show failures in operating cash flow margin and leverage.
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Plug Power Stock To $1?
Plug Power (PLUG) stock has recently fallen by 21.2% and is predicted by Trefis to drop further, potentially reaching $1, due to its “Unattractive” rating. Historically, similar sharp dips in PLUG stock have led to a median 12-month return of -31%, despite a median peak return of 43%. The article suggests caution for investors considering buying the dip, emphasizing the need to evaluate the company’s financial quality metrics which show failures in operating cash flow margin and leverage.