Plug Power shares are trading lower amid weakness in clean energy vehicle-related stocks. The stock may be down amid a rise in yields and in reaction to delivery figures from Tesla.
Portfolio Pulse from Benzinga Newsdesk
Plug Power shares are trading lower due to weakness in clean energy vehicle-related stocks, influenced by a rise in yields and Tesla's delivery figures.
April 02, 2024 | 7:23 pm
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Plug Power's stock is trading lower, affected by the general downturn in clean energy vehicle stocks, a rise in yields, and Tesla's delivery figures.
Plug Power's stock decline is directly linked to broader market trends affecting clean energy vehicle stocks, including rising yields which typically lead to lower stock prices for growth companies. Tesla's delivery figures may also influence investor sentiment towards related stocks.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90