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Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Why Plug Power Stock Dropped Again Today

Rich Smith, The Motley Fool
·1 min read
Why Plug Power Stock Dropped Again Today

Shares of Plug Power (NASDAQ: PLUG) were down 2.9% at 3 p.m. EDT on Friday, with no apparent bad news for the fuel cell company. Chances are, however, today's decline has to do with the success of its rival in fuel cells, Ballard Power Systems (NASDAQ: BLDP). In contrast to the lack of news at Plug (aside from Seaport Global Acquisition's optimistic buy report on the stock yesterday), Ballard stock has been on a bit of a roll lately, and the company's public relations office may be sucking all the oxygen (and investor attention) out of the room.

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