Why Plug Power Stock Slumped 10% Today
Plug Power(PLUG) The Motley Fool·2024-02-13 17:30New inflation data has the stock market showing red today. But it was especially bad news for some companies, and Plug Power (PLUG -10.07%) is one of them. That's why Plug shares plunged as much as 10.7% Tuesday morning. As of 11:30 a.m. ET, Plug Power shares remained down by 9.7%.Today's action reverses what had been a nice upswing in Plug Power stock. Over the last month, shares in the hydrogen fuel company have moved higher by almost 20%, even with today's decline.Interest rates will be higher for longer ...