Sumary of Why Plug Power Stock Dropped Thursday:
- What happened Shares of hydrogen fuel cell company Plug Power (NASDAQ:PLUG) haven’t been having a good year so far in 2021. The stock is more than 60% below its January highs.
- Now what In his new role, Mindnich will be responsible for “optimizing the performance of Plug Power’s global manufacturing facilities by tapping his experience with high-volume global manufacturing, process improvement and automation,” according to a company statement.
- Plug Power has announced plans for several global projects, including building multiple green hydrogen production facilities in the U.S. and a joint venture with French automaker Renault to supply hydrogen-fuel-cell-powered light commercial vehicles and build out associated hydrogen fuel infrastructure in Europe.