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Why Plug Power Stock Is Crashing Today

TheMotleyFool

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After crashing by double digits on Monday, Plug Power (NASDAQ: PLUG) is down another 7.8% today as of 11:40 a.m. ET. The hydrogen fuel cell stock is now trading at levels last seen in 2020.

Shares of Plug Power have already been under pressure for some days now after rival Bloom Energy delivered a bummer of a quarter last week. Plug Power hugely missed earnings estimates, but what made matters worse is that it came amid a market sell-off. The timing couldn't have been any worse.

Here are the key numbers from Plug Power's first-quarter earnings report (all changes year over year):

Source Fool.com

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