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Why Plug Power Stock Is Falling Today After Its Hydrogen Rally
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Why Plug Power Stock Is Falling Today After Its Hydrogen Rally
Plug Power shares dropped 9.8% to $3.41 in late-morning trading Monday, erasing part of last week’s post-earnings rally. The company reported first-quarter revenue of $163.5 million and improved margins, but posted a net loss of $245.3 million. Investors remain concerned about cash burn and future dilution. Other hydrogen stocks also fell sharply. The post Why Plug Power Stock Is Falling Today After Its Hydrogen Rally appeared first on TechStock…
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