What's Weighing Down Plug Power and Bloom Energy's Stocks Today?
Consistent with the overall bearish mood that's driving the S&P 500 and Dow Jones Industrial Average lower today, shares of fuel cell leaders Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are also slipping. As of 3:40 p.m. EDT, the stocks of Plug Power and Bloom Energy are down 2.8% and 3.7%, respectively.
Plug Power's decline may seem confusing today considering the company's news this morning. Along with several partners, Plug Power announced the creation of the Hydrogen Aviation Test and Service Center located at Grant County International Airport in Washington State. Speaking about the new project, Plug Power's CEO Andy Marsh said, "The decarbonization of aviation through hydrogen is critical for a zero-carbon economy."
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Source Fool.com
