Why Plug Power, Bloom Energy, and FuelCell Energy Just Popped
Plug Power (NASDAQ: PLUG) stock took fuel cell investors on a wild ride yesterday, first sagging, then surging, but ultimately ending below where it started the day. The reason: Plug had just reported a $0.19-per-share loss for its fiscal third quarter -- a loss more than twice as large as what Wall Street had told investors to expect.
Today, Plug stock is rebounding strongly and rising a solid 9% as of 12:10 p.m. EST. It even seems to be taking some friends along for the ride, as peers Bloom Energy (NYSE: BE) and FuelCell Energy (NASDAQ: FCEL) rise 5% and 10%, respectively, alongside Plug.
Image source: Getty Images.
Source Fool.com
