Renewable energy stocks’ share gains in 2020 were enormous, and the trend has so far continued in 2021. The tailwinds are manifold; The global risks due to climate change have only come further to the fore during the pandemic, and the cost of renewable energy continues to drop, marking it as not only greener but even cheaper than traditional alternatives. Plus, the new Biden administration has put extra emphasis on the need for clean energy, and government policies will continue to support low-carbon solutions. Plug Power (PLUG) has been one of the companies to benefit from all the above and the hydrogen fuel cell maker has particularly caught investors’ imaginations.
https://www.tipranks.com/news/article/plug-power-an-expensive-stock-but-this-analyst-still-loves-it