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Why Plug Power Stock Reversed Course Today

Why Plug Power Stock Reversed Course Today

After gaining 14% on the heels of its first-quarter 2021 financial results yesterday, Plug Power (NASDAQ: PLUG) stock has reversed course today. As of 12:15 p.m. EDT, Plug Power shares are down 3.9% after having dropped as much as 6% earlier in the session. The mixed earnings report included a sharp 76% increase in revenue versus the year-ago period along with a jump in costs and continued bottom-line losses.