Plug Power Shares Rise on Restructuring Plan, but Is It Enough to Save the Stock?

Shares of Plug Power (NASDAQ: PLUG) rallied after the company announced a new restructuring plan in conjunction with its fourth-quarter earnings report released on Monday, March 3. Nonetheless, the stock has still struggled, down about 16% year to date and more than 55% over the past year as of this writing.At this point, there are still questions about whether the company will survive or face going bankrupt. Let's take a closer look at its recent earnings and restructuring plan to see if the company has the potential to bounce back.Plug Power is working to become an end-to-end hydrogen solutions company. That said, its primary product is a fuel cell that is used in forklifts and other material-handling equipment. Fuel cell-powered forklifts are typically used in high-volume warehouses and distribution centers that run three shifts. As such, the company counts large retailers Amazon, Home Depot, and Walmart among its customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool