Plug Power Just Cut Its Losses in Half. Is It Time to Buy the Hydrogen Stock?
Plug Power's turnaround plan is gaining steam.
Overview
Plug Power's (NASDAQ: PLUG) turnaround strategy is showing meaningful progress. The pioneering hydrogen company's adjusted net loss fell by more than half in the second quarter, plunging from $0.18 to $0.07 per share.
That might have investors wondering if now's the time to buy the hydrogen stock. I don't think that time has arrived just yet. Here's what I still want to see.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.