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Plug Power Stock Plunges After Earnings. Here's What Investors Need to Know.

TheMotleyFool

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Plug Power Stock Plunges After Earnings. Here's What Investors Need to Know.: https://g.foolcdn.com/editorial/images/731859/high-risk-risky-danger-investing-mistakes-penny-stocks-margin.jpg

Plug Power (NASDAQ: PLUG) stock crashed after its first-quarter numbers came out Tuesday morning. The hydrogen stock logged one of its biggest intraday falls in recent months, hit a 52-week low, and has now lost half its value in just six months.

The same story has played out at Plug Power for several years now: Its revenue continues to grow, and so do its losses. The first quarter was no different, so no surprises there. In fact, the hydrogen fuel cell specialist even said it "reaffirmed" its outlook for 2023, which means the company could finally turn a gross profit this year.

Why, then, did Plug Power stock fall so sharply, and could this be an opportunity to buy?

Source Fool.com

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