3 Once-Promising Growth Stocks That Are Down 40% Since the 2020 Crash -- Can Any of Them Recover?

Core Viewpoint - The article discusses the performance of certain stocks five years after the 2020 market crash, highlighting that while some stocks have seen significant gains, others like Tilray Brands, Walgreens Boots Alliance, and Plug Power have struggled and are down 40% or more since then [1][2]. Group 1: Tilray Brands - Tilray Brands, a Canadian marijuana producer, has seen its stock decline by 80% over the past five years, primarily due to the lack of federal legalization of marijuana in the U.S. [4] - The company has attempted to diversify by acquiring alcohol brands, but it has incurred losses totaling $249 million on revenue of$829 million over the trailing 12 months [5] - There is little expectation for a turnaround in Tilray's stock performance in the near future, making it a risky investment option [6] Group 2: Walgreens Boots Alliance - Walgreens Boots Alliance's stock has decreased by 75% since the pandemic, despite an initial boost from vaccine distribution [7] - The company has struggled to turn a profit and faces increased competition from flexible shopping options, leading to reduced foot traffic in stores [8] - Walgreens is undergoing a turnaround under new CEO Tim Wentworth, but the stock is currently valued around $10 billion due to a buyout by Sycamore Partners, limiting potential upside for investors [9] Group 3: Plug Power - Plug Power's stock has declined by 40$2.1 billion in 2024, following a nearly $1.4 billion loss the previous year, raising concerns about its financial stability [11] - With ongoing cash burn and an uncertain future, Plug Power is considered a high-risk investment with no clear path to recovery [12]