Here's Why Plug Power Stock Fizzled This Week
Plug Power (NASDAQ: PLUG) has been counting on increasing adoption of hydrogen as a power source. But it hasn't gone as planned. Another capital raise for the company prompted investors to sell the stock this week.
As of mid-morning on Friday, Plug shares have declined about 19% this week, according to data provided by S&P Global Market Intelligence. That's continued a staggering drop of about 45% over the last month, more than wiping out prior year-to-date gains.
Source Fool.com
