Plug Power Stock Is Down 80%. Time to Buy the Dip?
PLUGPlug Power(PLUG) Investor Place·2024-07-23 18:35

Plug Power (NASDAQ:PLUG) stock experienced wide volatility in July. However, its recent drop suggests this may be an opportune time to buy the dip. Plug Power stock rose earlier in the month before falling 15% last Friday, July 19, bringing the 1-year losses to 80%. The recent crash occurred after the company announced plans to sell 200millioninadditionalshares,representingaround11200 million in additional shares, representing around 11% of Plug Power’s current market capitalization. However, its PLUG stock price has since found support at around 2.30. ...