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Why Plug Power Stock Plunged 52.7% in 2024
PLUGPlug Power(PLUG) The Motley Fool·2025-01-10 03:48

Shares of fuel cell and hydrogen specialist Plug Power (PLUG -9.49%) may have nudged higher in the beginning of the year, but the market's enthusiasm was hardly sustained. After its short rise in late January, shares of Plug dipped lower and continued to plunge for the remainder of the year due to a variety of factors, extending a slide that amounted to a 64% drop in 2023.According to data provided by S&P Global Market Intelligence, shares of Plug Power fell 52.7% in 2024.Several factors powered the stock's ...