Jim Cramer on Plug Power: "I Still Can't Believe It's Around"

Plug Power Inc. (NASDAQ:PLUG) is one of the stocks Jim Cramer recently talked about. A caller inquired if Cramer sees the stock as a long play investment, and he remarked:

“I still can’t believe it’s around. I mean, frankly, I mean, how much money can you lose over a certain period of time and still be allowed to be called a stock? Okay, what can I say? That’s my view.”

Plug Power Inc. (NASDAQ:PLUG) manufactures hydrogen fuel cell systems, electrolyzers, and hydrogen storage and fueling solutions. On October 16, Morgan Stanley analyst David Arcaro raised the firm’s price target on the company’s stock to $1.50 from $0.75 while maintaining an Underweight rating on the stock. The analyst stated that safe harbor volumes and orders are expected to start benefiting both residential and utility-scale U.S. solar equipment producers. He also noted that tariff effects will likely remain as the main topic in management discussions.

While we acknowledge the potential of PLUG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.