plug-power-stock-tumbles-on-wider-loss-as-margins-remain-under-pressure

Plug Power Stock Tumbles on Wider Loss as Margins Remain Under Pressure

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https://www.barrons.com/articles/plug-power-stock-earnings-margins-51652169217


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Shares of Plug Power fell Tuesday after the fuel-cell company reported a wider-than-expected first-loss and revenue that missed Wall Street forecasts.

Plug Power (ticker: PLUG) fell 5.4% in premarket trading to $15.74. The stock sank 14.3% on Monday during a Wall Street selloff that saw equities fall to their lowest levels of the year. Coming into Tuesday, Plug Power shares have declined 41.1% in 2022.

The…