Published on 10 Apr 2024 on Benzinga
What's Going On With Plug Power Stock? - Plug Power (NASDAQ:PLUG)
Plug Power Inc PLUG shares are trading lower by 5.5% to $3.07 during Wednesday’s session amid overall market weakness. Major indexes are lower Wednesday following hotter-than-expected March inflation data.
In March, inflation in the United States exceeded economist expectations, with the annual Consumer Price Index (CPI) rising to 3.5%, surpassing the previous month’s rate of 3.2%. This marked the second consecutive month of increase, disappointing investors who were anticipating Federal Reserve interest rate cuts.