Why Plug Power Shares Plunged Again Today
Plug Power (NASDAQ: PLUG) stock has been tumbling ever since it reported its third-quarter results in early November. A new announcement today has the stock dropping even further. Plug shares were trading near the day's low, down by 10.2% as of 12:40 p.m. ET.
With today's drop, Plug Power stock has plummeted by nearly 50% in just the last two months.
In its third-quarter report, the company stated, "[W]e continue to incur losses and might never achieve or maintain profitability." It also issued a "going concern" warning, which lets investors know there's a possibility that it will not survive as a business.
Source Fool.com
