Penny Stocks To Buy [Or Avoid] #3 Plug Power
One of the penny stocks to have shown highly impressive momentum in recent times is that of Plug Power (PLUG – Stock Report). In January, the stock enjoyed a highly impressive rally and jumped by as much as 41%.
Now, Plug Power is no stranger to a list of penny stocks to buy (or avoid). We’ve followed the progress of this company since the early part of 2019. In fact, we’ve watched shares of this company move from below $2 to where it’s at in 2020.
In early January, the fuel cell company announced that it had bagged a contract worth as much as $172 million. That proved to be a major trigger behind the rally. The company did not reveal the name of the client but stated that it is a Fortune 100 company. Investors have since continued to send PLUG stock higher after its corporate update at the end of January.
