2024-03-15 14:42:20 ET
This has been a volatile year so far for Plug Power (NASDAQ: PLUG) and its stock. The hydrogen production company and fuel cell maker soared in January after its CEO said it might not need to implement a previously announced $1 billion secondary stock sale.
It also announced the start of production at two of its hydrogen facilities . Investors sent shares rocketing higher in the wake of those announcements. But Plug shares have lost a large portion of those gains. And as of Friday afternoon, they had dropped by about 19% this week, according to data provided by S&P Global market Intelligence .
For further details see:
Why Plug Power Stock Plunged This Week