Why Plug Power Stock Dropped Today

1 min read

Plug Power (NASDAQ: PLUG) probably was hoping for a better reaction than this one.

In late afternoon trading, circa 3:10 p.m. EDT, shares of the fuel cell company are down 3.6% after Plug announced it will partner with Renault’s renamed “Alpine F1 Racing Team” to put Plug’s logo on the team’s A521 cars and team race wear at Formula One events.  

Image source: Getty Images.

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