Updated
Updated · MarketWatch · Apr 30
Plug Power shares slip 8.21% and underperform rivals
Updated
Updated · MarketWatch · Apr 30

Plug Power shares slip 8.21% and underperform rivals

9 articles · Updated · MarketWatch · Apr 30
  • The stock fell to $3.13 on Thursday as the Nasdaq rose 0.89% and the Dow gained 1.62% in a broadly positive US market session.
  • Plug Power lagged peers including Ballard Power Systems, which rose 2.41% to $3.40, while Air Products slipped 0.81% and Procter & Gamble added 0.43%.
  • Shares closed 31.66% below their 52-week high of $4.58 reached on 6 October, while trading volume of 96.0 million topped the 50-day average of 79.3 million.
After its first profitable quarter, can Plug Power's new CEO escape the company's long history of burning cash?
With a fraud lawsuit looming, can government support alone save Plug Power's ambitious green hydrogen plans?