Why Plug Power Stock Dropped Again Today
After losing nearly 3% of their value on Wednesday, shares of hydrogen fuel cell stock Plug Power (NASDAQ: PLUG) resumed their decline on Thursday, closing the trading session down by 8.1%.
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As you've probably heard by now, on Wednesday, would-be fuel-cell-truck company Nikola (NASDAQ: NKLA) announced a tie-up with CNH Industrial (NYSE: CNHI) to build out a hydrogen-fueling infrastructure across Germany, connecting hydrogen pipelines to fueling stations at which fuel-cell-powered vehicles could top off their tanks.
Source Fool.com
