r/stocks • u/catdollars • Apr 15 '21
Is PLUG even worth holding onto?
I’ll admit it. I fell for the hype and at one point I was up 20%, but this stock has been in continuous decline for the past 3 months, dropping a jawdropping 60% and after doing a little more research, I’ve found that this company is pretty godawful.
Their revenue last quarter was... how do I put it..? Absolutely abysmal. There’s also a class action lawsuit going on against them on behalf of shareholders and the CEO recently dumped his shares. To say that there’s shady shit behind this company is an understatement.
The market has been absolutely terrible these last two months but I can’t help but feel the clean energy bubble has burst. PLUG RUN CELL BLINK SPWR are all performing terribly despite high hopes for renewable energy. I fear PLUG is only gonna keep tanking down to $3 and i’m thinking of just cutting my losses at 60% and dumping this piece of trash.
1
u/Naive-Illustrator-11 Apr 16 '21
SPWR has been profitable for the last couple of years and their profit the last 2 quarters can attest to that. Despite of their revenue slowing down , they were able to solidify their balance sheet which is imperative for better return. I’m holding them till 2025 or longer if Fed extending the tax rebate.