Plug Power Stock Initially Dropped Despite Guidance Boost. Whats Behind It. – Barrons

Stock in hydrogen fuel-cell-technology company Plug Power initially fell after the company’s third-quarter sales fell short of analysts’ expectations. Shares turned around in Wednesday trading, though. Investors are focused on guidance.

Plug Power stock (ticker: PLUG) was off about 5% in premarket trading. Shares had closed down 0.5% in regular Tuesday trading. The S&P 500 and Dow Jones Industrial Average dropped 0.4% and 0.3%, respectively.

The…

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