Why Plug Power, Bloom Energy, and Nikola All Dropped Like a Rock Today
The Motley Fool
OCTOBER 2, 2023
What happened Hydrogen-related stocks had a rough day on Monday as downgrades and higher interest rates hit many energy-related stocks. As the cost of financing goes higher, it makes it harder to finance projects like utility-scale hydrogen assets or new hydrogen-powered trucks, so it's not surprising these stocks are down. Shares of Plug Power (NASDAQ: PLUG) fell as much as 10.5%, Bloom Energy (NYSE: BE) fell 9.7%, and Nikola (NASDAQ: NKLA) dropped 10.2% in Monday's trading, according to data p
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