Fri, Sep 8, 2023 8:24 PM
Amid Funding Winter, Venture Catalysts Exits Cusmat With 4.2X Returns
A Flip by Bhavya Sabharwal
Plug Power (NASDAQ: PLUG), a developer of hydrogen fuel cell systems, was one of the biggest boom and bust stories of the dot-com bubble more than two decades ago. The company went public at a reverse split-adjusted price of $150 per share on Oct. 29, 1999, and its stock soared nearly tenfold to its record high of $1,498 on Mar. 10, 2000.But today, Plug's stock trades at about $2 a share.
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Thanks to its outstanding gain of 943% in the last decade, coupled with its disruptive culture and category-leading products, Tesla (NASDAQ: TSLA) is part of the "Magnificent Seven." It's in this exclusive club with Amazon, Alphabet, Apple, Microsoft, Meta Platforms, and Nvidia, all huge winners in the stock market.But there's another stock up a remarkable 1,040% in the past 10 years.
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UPS (NYSE: UPS) investors got what they wanted from the company's recent first-quarter earnings report. The market was left unimpressed after management's investor and analyst day in late March when management laid out its three-year strategic aims and financial targets. However, the latest earnings helped restore confidence in those targets. Still, is it enough to make the stock a buy?
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