Why Plug Power Stock Plunged 64% in 2023
Plug Power(PLUG) The Motley Fool·2024-01-12 16:21Shares of Plug Power (PLUG -4.64%) plunged 63.6% in 2023, according to data provided by S&P Global Market Intelligence. And year to date in 2024, the stock has dropped by another 20%, leaving the hydrogen stock down by a staggering 78% over the past 12 months.Although Plug Power sealed several deals in 2023, its operational performance consistently failed to meet investors' expectations. With the company struggling to stay afloat, Plug Power stock is heading even lower.When Plug Power spooked investorsWhen ...