Stock Track | Plug Power Plummets 6% as Q3 Earnings Disappoint with Revenue Decline and Missed Estimates
Shares of Plug Power plummeted 6% in intraday trading, as investors reacted to the company's disappointing third-quarter earnings report. The hydrogen fuel cell provider faced headwinds in a challenging quarter for the renewable energy sector.Plug Power reported revenues of $173.7 million, representing a 12.6% year-over-year decline and falling short of analysts' expectations by 18.7%. The company's performance was particularly disappointing in its Power Purchase Agreements segment, which misse