Plug Power Sinks More Than 25% in 2 Days: Buy, Sell, or Hold the Stock?
When Plug Power (NASDAQ: PLUG) stock plunged 64% in 2023, many believed it couldn't go any lower. Few saw what was coming: Shares of the hydrogen fuel cell company have now lost another 46% in value in 2024 so far, thanks to a massive drop in just two days. Plug Power stock slumped by double-digits yesterday, and was down another 14.6% today as of 10:50 a.m. ET.
Fear and panic have gripped the market as Plug Power prepares to provide an "annual business update" on Jan. 23. Its last quarterly earnings release, after all, was nothing short of a disaster as it included a dire warning for investors. And as if the fear of what Plug Power could announce next week wasn't enough, the company has just announced another stock sale.
The question is, what should investors in Plug Power do now?
Source Fool.com
