Motley Fool

Why Plug Power Stock Dropped Today

Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) are having a strange day Wednesday. For that matter, the whole fuel cell industry is acting kind of weird. Because if you haven’t heard yet, investment bank KeyBanc Capital Markets just initiated coverage of all the big fuel cell stocks — not just Plug Power, but peers FuelCell Energy, Ballard Power, and Bloom Energy, too — and yet every single one of these stocks is down to some extent today, with Plug in particular taking a 2.9% loss as of 12:40 p.m. ET.

Leave a Reply

Your email address will not be published. Required fields are marked *