Plug Power (NASDAQ:PLUG) and Bloom Energy (NYSE:BE) have gained massive traction in the renewable energy space. The two companies should outpace the broader markets if they are able to increase revenue growth consistently and improve profit margins in the next two years. But one stock is significantly undervalued, compared to the other, making it attractive to investors at current multiples.The shift towards clean energy solutions is inevitable, making stocks such as Plug Power (PLUG) and Bloom Energy (BE) top bets for long-term growth investors. Both these companies are part of markets that will attract significant investments in the upcoming decade.
PLUG provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. BE designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation in the U.S. and other international markets.
Plug Power is valued at a market cap of $24.85 billion and Bloom Energy is valued at $5.43 billion. Let’s see which between the two should be part of your portfolio today.