Why Plug Power, FuelCell Energy, and Blink Charging Stocks All Plunged Today

Rich Smith, The Motley Fool
·2-min read
Why Plug Power, FuelCell Energy, and Blink Charging Stocks All Plunged Today

Shares of hydrogen fuel cell stocks Plug Power (NASDAQ: PLUG) and FuelCell Energy (NASDAQ: FCEL) declined sharply in Tuesday morning trading, and alongside them fell shares of electric-car-charging company Blink Charging (NASDAQ: BLNK). As of 11:20 a.m. EST, Plug stock is down a disheartening 7%, FuelCell has fallen 8.3%, and Blink is faring worst of all -- down 10.5%. Fact is, the only news in evidence so far this week directly touching on any of these three stocks is the announcement yesterday afternoon from investment bank Roth Capital Partners that it raised its price target on Plug Power stock.