Plug Power Down 19.2% in a Month: What Should Investors Do?
Plug Power(PLUG) ZACKS·2024-08-30 22:36
Plug Power Inc. (PLUG) , a prominent name in the green hydrogen industry, has seen a 19.2% plunge in its stock price over the past month, underperforming the Zacks Manufacturing - Electronics industry as well as the S&P 500. While the industry declined 2.5% over the same time frame, the S&P 500 advanced 2.6%.The company has been persistently suffering due to negative gross margins and cash outflows over the past several quarters. This is further evident from PLUG’s poor second-quarter 2024 results despite i ...