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Can Plug Power Stock Turn Grey Hydrogen Into Green Profits in 2023?

Shares of the hydrogen fuel cell company Plug Power (NASDAQ:PLUG) have been kind of on the fritz lately, experiencing a decline of about 35% in August. The August 9 earnings report, which indicated Plug’s sales had risen by a robust 72%, also revealed losses that were 50% worse than what analysts had expected – a factor that contributed to the decline in the company’s stock. And yet, one analyst isn’t quite ready to throw in the towel on Plug just yet. In a recent note, Jefferies’ Dushyant Ailan ....

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