Is Plug Power Inc. (PLUG) the Best Growth Stock Under $10 to Buy?

Insider Monkey10-13

We recently compiled a list of 13 Best Growth Stocks Under $10 to Buy. In this article we will look at where Plug Power Inc. (NASDAQ:PLUG) ranks among the best growth stocks under $10 to buy. After a ...

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(PLUG) the Best Growth Stock Under $10 to Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-13 00:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/plug-power-inc-plug-best-162721413.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of 13 Best Growth Stocks Under $10 to Buy. In this article we will look at where Plug Power Inc. (NASDAQ:PLUG) ranks among the best growth stocks under $10 to buy.\nAfter a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/plug-power-inc-plug-best-162721413.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/plug-power-inc-plug-best-162721413.html","article_id":"2475385856","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bV5amySH02yD8xnGqvhpIw--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/e7c1669c84b3f2c09c694d4c2541ad40"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475385856","pubTimestamp":1728750441,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of 13 Best Growth Stocks Under $10 to Buy. 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Fed rate reductions boost small-cap companies, industries, and regional banks.According to Morningstar analysts, going ahead, the possibility of additional rate cuts and higher government expenditure in this election ye","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4581":"高盛持仓","BK4096":"电气部件与设备","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4504":"桥水持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","TQQQ":"纳指三倍做多ETF","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4127":"投资银行业与经纪业","BK4541":"氢能源","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","PLUG":"普拉格能源","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","SQQQ":"纳指三倍做空ETF","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4588":"碎股","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","QID":"纳指两倍做空ETF"},"translate_title":"普拉格能源公司(PLUG)是10美元以下最值得购买的成长型股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLUG":1,".IXIC":0.75,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"We recently compiled a list of 13 Best Growth Stocks Under $10 to Buy. In this article we will look at where Plug Power Inc. (NASDAQ:PLUG) ranks among the best growth stocks under $10 to buy.\nAfter a summer dip, stocks recovered in Q3 2024, setting new records after the quarter. More than 60% of the 500 largest companies’ components outperformed the overall index that covers these stocks in the quarter. The index that tracks the 500 largest companies traded in the US is up more than 20% year-to-date, at record-high levels. Bonds also fared well, helped by declining inflation and the Federal Reserve’s aggressive half-percentage-point drop, which indicated a move away from combating inflation and toward promoting growth. Fed rate reductions boost small-cap companies, industries, and regional banks.\nValue and small-cap companies overtook large tech in the major rotation that occurred during the general stock market rally. Subsequently, expensive large-cap growth names lost investor attention, while previously underperforming markets saw strong gains. The consolidation of technology is a positive development, according to King Lip, chief strategist at BakerAvenue Wealth Management. He states that ” “We’re not in a bear market for tech by any means. But you’ve definitely seen some evidence of rotation.”\nNonetheless, in Q3 2024, eight of the 500 largest companies’ eleven sectors outperformed the broader index of these 500 companies. According to Tajinder Dhillon, senior research analyst at LSEG, the Magnificent Seven companies are predicted to raise earnings by almost 20% in the third quarter of 2024, compared with a profit rise of 2.5% for the rest of the 500 largest companies. That disparity is predicted to diminish in 2025, with the remainder of the index expected to raise earnings by 14% for the full year against a 19% rise for the mega-cap group.\nThe Magnificent Seven “should not have to carry the profit rebound alone,” according to Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, in recent research, providing a soft landing scenario. ” “For the soft landing, we are in the ‘show me’ stage.”\nMoreover, soft employment figures helped allay concerns about a recession and modest inflation. Even though the unemployment rate has increased, the overall economic trend points to strong, albeit sluggish, growth. The market is now even more optimistic due to the Fed’s aggressive rate decrease and the likelihood of future rate reductions.\nIt is anticipated by Morningstar analysts that the “great rotation” away from large-cap tech stocks would continue as Q4 approaches, presenting opportunities in undervalued industries. The financial services, real estate, energy, and healthcare industries are expected to grow as per Morningstar analysts, particularly with the current decline in interest rates.\nAccording to Morningstar analysts, going ahead, the possibility of additional rate cuts and higher government expenditure in this election year should boost markets, but prudence is still advised because lower-income people are still being negatively impacted by continued inflationary pressures. Value stocks and industries with strong prospects for future recovery should be the main focus of investors.\nMethodology:\nWe sifted through holdings of iShares Morningstar Small-Cap Growth ETF to form an initial list of 20 highest-weighted Growth Stocks Under $10 in the ETF. Then we selected the 13 stocks that were the most popular among hedge funds as of Q2, 2024. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 2024. We have used the stocks’ current market cap as a tie-breaker in case two or more stocks have the same number of hedge funds invested.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here)\n\nPlug Power Inc. (NASDAQ:PLUG)\nNumber of Hedge Fund Investors: 15\nAn entire green hydrogen ecosystem, including energy generation, storage, delivery, and production, is being constructed by Plug Power Inc. (NASDAQ:PLUG). It intends to construct and run green hydrogen roads throughout Europe and North America. Plug plans to supply its environmentally friendly hydrogen solutions to a variety of end markets, such as material handling, e-mobility, power generation, and industrial applications, both directly to its clients and through joint venture partners.\nBeing at the forefront of the green hydrogen economy is Plug Power’s goal. Its vertical integration method, which offers customers a whole hydrogen solution from fuel cells and electrolyzers to green hydrogen fuel, is the core of its business strategy.\nEven though the firm’s 2024 second-quarter earnings missed analysts’ projections due to lower revenue, it is important to recognize the company’s potential improvements in focusing on profitability and cash generation, as shown by the recent hiring of a new COO from Amazon and slight increases in gross margins.\nPlug Power Inc. (NASDAQ:PLUG) leads the worldwide green hydrogen market, despite the fact that battery electric technology is a rival to fuel cells in the transportation end markets.\nThe company is working hard to increase the number of electrolyzers it deploys on the ground. In the second quarter of 2024 alone, the company launched systems valued at over $70 million. And by the end of the year, plans are in place to install an additional 100 MW of electrolyzers.\nDaniel Katzner’s Skaana Management is the largest stakeholder in the company from among the funds in Insider Monkey’s database. It owns 2,250,000 shares worth $2.10 million as of Q2.\nOverall PLUG ranks 13th on our list of Best Growth Stocks Under $10 to Buy.While we acknowledge the potential of PLUG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PLUG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.   \nDisclosure: None. This article is originally published on Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475385856"}