After Rallying More Than 35% in the Past 3 Months, is Plug Power Still a Buy?

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However, the stock has lost 40.5% over the past nine months and is currently trading 46.7% below its 52-week high of $75.49, which it hit on January 26, 2021. PLUG’s losses widened in the second quarter. In addition, the company’s business could be affected by supply chain constraints. So, PLUG’s near-term prospects look bleak.

Here is what could influence PLUG’s performance in the coming months:

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