Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Plug Power Stock Dropped 7% Today

TheMotleyFool

0 0

Names in the renewable energy sector have been on the move lately, and Plug Power (NASDAQ: PLUG) has been no exception. After strong gains yesterday, shares in Plug Power are moving back down today, trading 7% lower as of 11:30 a.m. EST.

The maker of hydrogen fueling solutions presented a business update yesterday, which sent shares higher. After the close, the company said it would issue more common stock to raise capital, taking advantage of a stock price that has more than doubled since the start of 2021.

Plug Power Series 1000 fuel cell. Image source: Plug Power.

Source Fool.com

Like: 0

PLUG

Share