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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Plug Power Stock?

PLUG Plug Power Plug Power Inc Hydrogen US Federal Reserve
Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Shares of Plug Power Inc (NASDAQ: PLUG) are continuing their downward trend Thursday afternoon. The decline extends a volatile week for the hydrogen fuel cell company, erasing strong gains from the previous week. Here’s what investors need to know.

What To Know: The week’s sell-off accelerated on Tuesday after the company filed a prospectus supplement for the resale of over 185 million common stock warrants at an exercise price of $2.00.

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