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Why Plug Power Stock Crashed Today

TheMotleyFool

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Plug Power (NASDAQ: PLUG) extended its losses from yesterday and crashed again this morning. The fuel cell stock plunged 11.8% at 9:53 a.m. ET before regaining some ground. As of 11:40 a.m. ET, Plug Power shares were still down about 6.5%.

The market crash and rival Bloom Energy's (NYSE: BE) somber earnings report seem to be having a ripple effect on most fuel-cell stocks today.

The green hydrogen industry is still in its nascent stage, and since Bloom Energy and Plug Power are the leading players in the industry, investors often extrapolate one company's performance and outlook to another.

Source Fool.com

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