The domino effect applies to Wall street, too. Shares of Plug Power (PLUG) trended down on Wednesday along with its brethren in the renewable energy segment, seemingly after Tesla’s Battery Day failed to deliver the goods. Nevertheless, it is a minor setback in what has been a breakout year for the fuel cell pioneer. Shares are up by a magnificent 286% so far, driven by outstanding earnings beats and investors’ insatiable hunger for alternative energy stocks.However, the drop just goes to show how correlated stock market moves can be. As in tandem with the tilt to the downside, the company …read more
Source:: Yahoo Finance
