What's Going On With Plug Power Shares
Portfolio Pulse from Henry Khederian
Plug Power Inc (NASDAQ:PLUG) shares are trading lower by 8.80% to $9.64 during Tuesday's session, possibly due to broader market trends and anticipation of Federal Reserve Chair Jerome Powell's testimony before Congress. Changes in interest rates can impact the clean energy sector and companies like Plug Power.
June 20, 2023 | 3:32 pm
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Plug Power shares are down 8.80% to $9.64, possibly due to broader market trends and anticipation of Fed Chair Jerome Powell's testimony. Interest rate changes can impact the clean energy sector and companies like Plug Power.
The decline in Plug Power's share price is likely due to broader market trends and anticipation of Federal Reserve Chair Jerome Powell's testimony before Congress. Changes in interest rates can impact the clean energy sector, affecting companies like Plug Power. If interest rates rise rapidly or unexpectedly, it could lead to increased borrowing costs for the company and its competitors, potentially affecting profitability and growth prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100