Why Plug Power Stock Fell Another 13.5% Today
Plug Power(PLUG) The Motley Fool·2024-01-17 21:31
It was another rough day for Plug Power (PLUG -10.03%) on Wednesday as the market turned south and investors sold off both higher-risk assets and energy stocks. Shares fell as much as 13.5% and were down 13.2% at 3:30 p.m. ET.Plug Power is unravelingPlug Power is down 84% in the past year, and there's no end in sight to the drop. Not only are losses piling up, cash is also dwindling and there's no anticipated bailout.This has become a downward spiral for Plug Power that may not stop. You can see in the char ...