Why Plug Power Stock Is Deep in the Red Today

Yesterday, shares of Plug Power (NASDAQ: PLUG) seemed ready to rebound on the back of optimistic news out of Wall Street (specifically, a pair of upgrades for Plug's fuel cell rival Ballard Power Systems). Not based on these earnings results, at least. Bright and early this morning, Plug Power reported its earnings for fiscal Q4 2020 -- and when I say "earnings," I mean losses -- $1.12 per share of 'em, much worse than the $0.01 per-share loss that Wall Street had anticipated.