Plug Continues Slide
Written by: Tony Owusu
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NEW YORK (TheStreet) -- Plug Power continued its slide Monday with the stock down another 3.72% at 1:42 p.m. The hydrogen fuel cell maker has seen a lot of activity on the market over the past two weeks, experiencing wild swings as investors try to figure out whether the company is a sound investment or not.
The upstate New York based company has seen a bump in March due to the announcement of its deal with Wal-Mart to provide the retailer with 1,700 fuel cells to power its fleet of forklifts. The deal was a breakthrough for the company that has has never made a profit in its 16-year history.
Plug opened at a high last Tuesday of $11.44 with a trading volume of 243,272,100. Since then, the stock has fallen to its current mark of $6.50 and volume is at 44,448,200 on Monday.
PLUG data by YCharts