Why Good News Couldn't Save Plug Power Stock Today
Plug Power (NASDAQ: PLUG) stock plunged 4.6% in 9:45 a.m. EST trading on the Nasdaq this morning. The drop followed the company's public announcement that it will be expanding its partnership with Universal Hydrogen with the goal to accelerate development of a hydrogen fuel-cell airplane engine capable of flying over 600 miles without refueling. In addition, it somewhat less publicly warned investors that it is going to have to delay publishing its 10-K financial report.
