Here's Why Plug Power Stock Jumped Friday Morning

·2 min read
Here's Why Plug Power Stock Jumped Friday Morning

Shares of Plug Power (NASDAQ: PLUG) have been on a fairly steady decline since the company announced on March 15 that it would restate three years' worth of its prior financial statements. The hydrogen fuel cell maker was forced to delay its 2020 annual report while it did the necessary work to restate financial items going back to 2018. Plug Power on Monday reiterated a previous statement that these restatements did not affect the company's cash position, business operations, or return from commercial agreements.

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