Plug Power Shorts Out the Nasdaq, But This SaaS Stock Is Still Strong

Wednesday morning brought continued anxiety to Wall Street as investors sought better visibility about what the coming months are likely to bring for the U.S. economy and the stock market. Major market benchmarks fell, led by the Nasdaq Composite (NASDAQINDEX: ^IXIC) and its drop of about 1.25% as of 11 a.m. EDT. That continued a trend of Nasdaq underperformance that has kept the index from approaching record highs along with its peers.

There was a mixed bag of stock movers within the Nasdaq Wednesday. Plug Power (NASDAQ: PLUG) took a massive hit as shareholders lost confidence in the fuel cell specialist's recent financial information. However, software-as-a-service stock CrowdStrike Holdings (NASDAQ: CRWD) moved higher on a strong earnings report released Tuesday night.

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Source Fool.com