Why Plug Power's Stock Is Plunging Today
Sinking nearly 12% last week, shares of Plug Power (NASDAQ: PLUG) have continued tumbling on Monday, falling as much as 4.8% while the S&P 500 is down 1.7% as of 10:45 a.m. EDT.
Though it might seem that the stock's decline is a reflection of the overall market weakness today, it's far from the only reason for the sell-off in Plug's stock. With Plug Power sharing no news of its own this morning, the stock's decline is likely a reflection of investors' concerns that competition in the hydrogen industry is ramping up as industry stalwarts and an upstart are gaining momentum.
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Source Fool.com
