Why Shares of Plug Power Are Tanking on Tuesday

Why Shares of Plug Power Are Tanking on Tuesday

After bounding higher to start the week yesterday, shares of Plug Power (NASDAQ: PLUG) are headed in the other direction today. Instead, shareholders are likely responding to the stock's rise yesterday and to news related to another company dealing in hydrogen production, Cummins (NYSE: CMI). The other likely catalyst for the stock's decline is the news that Cummins has received a $5 million award from the Department of Energy Hydrogen and Fuel Cell Technologies Office.