Published on 22 Mar 2024 on Benzinga
What's Going On With Plug Power Stock? - Plug Power (NASDAQ:PLUG)
Plug Power Inc PLUG shares are trading lower by 4% to $3.44 during Friday’s session, pulling back following strength earlier this week. The stock gained earlier this week after the Federal Reserve chose to maintain interest rates between 5.25% and 5.5%.
Alongside this decision, the Fed released its economic projections for 2024, indicating a median expectation of three rate cuts throughout the year, with a target midpoint range of 4.6% by the end of the year.