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Why Plug Power Stock Dropped This Week and Could Keep Sinking

Plug Power (PLUG 1.91%) shares have soared more than 50% over the last three weeks. Those gains would have been even higher had it not been for a big drop this week. As of early Friday morning, Plug stock is down 10% since last Friday's close, according to data provided by S&P Global Market Intelligence.Green hydrogen generation networkCash and cash equivalents have dropped from about 690millionattheendof2022tojustabout690 million at the end of 2022 to just about 110 million on Sept. 30, 2023. That's due to delays in building its hydrogen ...