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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Is Plug Power Inc. (PLUG) the Best Emerging Technology Stock to Buy Now?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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86% Informative

The technology sector is constantly evolving, with emerging technology companies leading the charge in groundbreaking innovations.

From quantum computing and artificial intelligence to biotechnology and autonomous systems, these companies are reshaping industries and unlocking new economic opportunities.

Plug Power Inc. (NASDAQ:PLUG) specializes in hydrogen fuel cell technology and green hydrogen solutions.

Plug Power Inc. (NASDAQ:PLUG) ranks 5th on our list of the best emerging technology stocks to buy now.

PLUG aims to reach over $3.5 billion in revenue by 2030 and to improve its gross margin to around 30% from a gross loss currently.

The company is the largest buyer of liquid hydrogen and has deployed more than 72,000 fuel cell systems for forklifts.