Why Plug Power Stock Just Dropped

·2-min read
Why Plug Power Stock Just Dropped

What happened Shares of Plug Power (NASDAQ: PLUG) plummeted 5% in 12:30 p.m. EDT trading on the Nasdaq Tuesday. It's not hard to figure out why. As Reuters reported this morning, General Motors (NYSE: GM) is teaming up with Wabtec (NYSE: WAB) to supply "electric batteries and hydrogen fuel cell systems" for Wabtec's train locomotives, with deliveries set to begin as early as 2023.

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