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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Plug Power Stock?

PLUG Plug Power Jay Powell United States Nasdaq Plug Power Inc

Plug Power Inc (NASDAQ:PLUG) shares closed Thursday down nearly 15%. The stock fell alongside several names in the broader industrials sector amid overall market weakness following U.S. Fed chair Jay Powell's hawkish rate hike commentary.

The Federal Reserve needs to move faster than it has in the past to tame high inflation, Powell said Thursday in an International Monetary Fund debate.

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