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Why Plug Power Stock Dropped Today

TheMotleyFool

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Why Plug Power Stock Dropped TodayPhoto, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png

Plug Power (NASDAQ: PLUG) stock is down 4% as of 11:20 a.m. EDT Monday -- and that's kind of curious given today's news.

This morning, Plug announced that it is teaming up with natural gas equipment maker Chart Industries (NYSE: GTLS) and oilfield equipment maker Baker Hughes (NYSE: BKR) to become "cornerstone investors" in something called the "FiveT Hydrogen Fund."

Image source: Getty Images.

Source Fool.com

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