Every Plug Power Investor Should Keep an Eye on This Number
Since its earliest days, Plug Power (NASDAQ: PLUG) has been a volatile stock. In some years, the developer of hydrogen fuel cell systems has seen its shares surge several times in value. In other years, investors have lost nearly everything. This is clearly a boom-or-bust business with both massive upside and downside potential.
Since 2020, Plug Power’s revenue has grown by 186%. This has given many investors a heavy dose of optimism about the company’s future. But there’s an even more important number every investor should be tracking.
Revenue-wise, Plug Power has had an impressive few years. Sales have grown nearly 200% since 2000. And despite a recent dip, revenue over the past 12 months totaled around $660 million. That’s not bad for a company valued at $2.1 billion operating in what could be a multi-decade growth story: the rise of hydrogen as a global fuel source.
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