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Why Plug Power Shares Dropped Today

Why Plug Power Shares Dropped Today

Plug Power (NASDAQ: PLUG) shares spiked over 10% this morning after the hydrogen and fuel cell system company reported third-quarter earnings last night. As of 2:45 p.m. ET, Plug Power stock was down 1.2% on the day. The stock's reversal followed a slew of price target cuts on Plug Power shares by analysts.