Disappointing earnings sent Plug Power (Nasdaq: PLUG) stock down as much as 9.5% Wednesday as investors get a more realistic picture of the company's prospects.
Plug Power is a classic case of a momentum stock that rocketed to startling heights only to crash and burn. The problem is, the company's fundamentals never supported such a huge spike in the PLUG stock price.
But despite the stock's gyrations, Plug Power is not necessarily a train wreck...
Disappointing earnings sent Plug Power (Nasdaq: PLUG) stock down as much as 9.5% Wednesday as investors get a more realistic picture of the company's prospects.
Plug Power is a classic case of a momentum stock that rocketed to startling heights only to crash and burn. The problem is, the company's fundamentals never supported such a huge spike in the PLUG stock price.
But despite the stock's gyrations, Plug Power is not necessarily a train wreck...
