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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Plug Power Stock Wednesday?

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

Plug Power Inc (NASDAQ:PLUG) shares are trading lower Wednesday afternoon, extending a pullback from the previous session amid a broader market downturn. The stock is being caught in a risk-off mood that swept Wall Street after cautionary remarks from Federal Reserve Chair Jerome Powell, which particularly pressured technology and growth stocks.

What To Know: The decline continues a volatile week for the hydrogen fuel cell company. Shares had rallied Monday on optimism about providing alternative energy solutions for AI data centers.

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