Plug Power Plugs a Big Hole in Its Liquidity. Is It Time to Buy?

Plug Power (PLUG -6.59%) has gotten crushed in recent months due to liquidity concerns. The hydrogen stock has plunged nearly 80% over the past year as investors started fretting about how the money-losing company would fund its operations and bold expansion plans. Last fall, it issued a stark warning stating it was "projecting that its existing cash and available for sale and equity securities will not be sufficient to fund its operations through the next twelve months." However, Plug Power has since unvei ...