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Why Plug Power Stock Plunged on Friday After an Early Week Rally
PLUGPlug Power(PLUG) The Motley Fool·2024-09-20 16:16

The hydrogen fuel cell maker is turning to new methods to raise funds, but it will need more if it's to survive.Plug Power (PLUG -7.77%) stock surged by as much as 15.3% at its highest point in trading this week before reversing course on Thursday. And on Friday morning, shares of the hydrogen and fuel cell maker crashed by more than 8% and were trading 3.5% lower for the week through 11 a.m. ET, according to data provided by S&P Global Market Intelligence.Plug Power announced a new strategy this week that ...