Stock fails to bounce back, heading towards 3 1/2-year low
- Plug Power’s stock falls 5.4% in premarket trading
- Stock fails to recover after biggest plunge in 9 years
- Stock on track for worst monthly performance since 2013
- Plug Power’s stock has dropped 71.5% year to date
Shares of Plug Power Inc. suffered a 5.4% drag in premarket trading, failing to recover after experiencing its worst day in nine years. The hydrogen fuel cells company’s stock is now heading towards a 3 1/2-year low. On Friday, the stock plunged 40.5%, marking its worst one-day performance since 2014. This current selloff also puts the stock on track for its worst monthly performance since 2013. Year to date, Plug Power’s stock has dropped 71.5%, while the iShares Global Clean Energy ETF has shed 34.5% and the S&P 500 has gained 15%.
Factuality Level: 8
Factuality Justification: The article provides factual information about the performance of Plug Power Inc. stock and compares it to previous performance and market indices. There is no irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article does not contain digressions, unnecessary background information, or tangential details. The information provided is accurate and objective, without any bias or personal perspective. There are no invalid arguments, logical errors, inconsistencies, fallacies, faulty reasoning, false assumptions, or incorrect conclusions. Overall, the article is factually sound.
Noise Level: 3
Noise Justification: The article provides relevant information about the decline in Plug Power Inc.’s stock and its worst day in nine years. It includes details about the company’s third-quarter loss and the reasons behind the selloff. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article also briefly mentions the performance of other stocks and ETFs, which is somewhat unrelated to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Plug Power Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial topic of the stock performance of Plug Power Inc. There is no mention of an extreme event.
Public Companies: Plug Power Inc. (PLUG), iShares Global Clean Energy ETF (ICLN), S&P 500 (SPX)
Key People:
Reported publicly:
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