Plug Power stock price analysis: moves from bad to worse

Plug Power (NASDAQ: PLUG) stock price path to penny status accelerated this week as risk of collapse intensified. The shares plunged by more than 10% in the regular session on Wednesday and by another 14% in extended hours. It has retreated to a record low of $2.30, meaning that it has shed over 96% of its value since 2021.More dilution aheadCopy link to sectionOn Tuesday, I wrote a comprehensive report on Plug Power and warned that it was at an increased risk of more dilution as its cash burn accelerates. ...