Why Plug Power Stock Plunged on Friday After an Early Week Rally
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 ...