Plug Power (NASDAQ:PLUG) stock heads into June 30 cash deadline after shares fall five days

Plug Power Inc. shares dropped Friday as the market kept hitting the stock on cash concerns, scale limits, and high short interest, even while the company adds more operating electrolyzer references.

Plug Power shares dropped Wednesday in regular Nasdaq trading after the hydrogen equipment maker announced it completed a project handover in Denmark.

Plug Power Inc. stock was little changed Tuesday, with shares struggling to bounce back after dropping Monday. Investors looked at the hydrogen firm's higher revenues and better margins but stayed cautious on its ongoing cash requirements.

Plug Power Inc. will start the week trading above $2.80 after shares bounced on Thursday. The stock didn’t see any action on Friday, since Nasdaq stayed shut for Juneteenth on June 19. Nasdaq’s regular hours are 9:30 a.m. to 4:00 p.m. Eastern, Monday through Friday.

Plug Power stock managed a late-week bounce, finishing up 7.55% at $2.85 on Thursday. The move gave investors another swing to think about as markets stayed closed Friday for Juneteenth and didn’t open Saturday. Plug Power shares had wrapped their week early, with U.S. trading set to resume Monday.

Plug Power Inc. shares rose on Wednesday, rebounding from a one-day drop as traders revisited the hydrogen company’s recent cash-raising and margin-improvement updates while broader growth shares firmed.

Plug Power Inc. shares gave back part of Monday’s rebound on Tuesday, trading recently at $2.75, down 1.8%, after moving between $2.70 and $2.88 intraday. The stock’s market value was about $3.82 billion, while its negative earnings per share and negative price-to-earnings ratio — a valuation measure comparing share price with profit per share — underline that investors are still valuing the company on turnaround potential rather than current profits.

Plug Power Inc. shares stayed weak early Friday. The hydrogen fuel-cell company fell 1.05% to $2.83 Thursday, even as the Nasdaq gained 2.54% and the Dow finished up 1.86%. That was Plug’s seventh down session in a row, as investors keep looking for signs that sales growth and cost cuts will stick. PLUG was quoted near $2.83 in premarket trading around 9 a.m. ET, with a market cap near $3.95 billion.

Plug Power Inc. traded flat to a little down ahead of the bell Tuesday, sticking close to $3.19. Shares have fallen sharply, raising questions again about the hydrogen firm’s liquidity strategy. This activity was all in premarket hours, with the regular U.S. cash market still closed.

Plug Power Inc. shares pointed higher before Monday’s open, clawing back a small part of Friday’s 10.69% slide as investors turned to a short week of company-specific catalysts and a still-raw market tape.

Plug Power Inc. heads into the new week bruised after its Nasdaq-listed shares closed Friday at $3.215, down 10.69%, leaving the stock about 18.6% below its May 29 close. U.S. stock trading was shut for the weekend; regular Nasdaq trading runs Monday through Friday from 9:30 a.m. to 4 p.m. Eastern time.

Plug Power Inc. shares dropped almost 12% Friday, adding to recent losses for the hydrogen fuel-cell maker as investors continued to cut exposure to riskier clean-energy stocks. Shares on the Nasdaq changed hands at $3.17 in early afternoon trading after an open at $3.50. Around 50 million shares had traded by then.

Plug Power slipped 2.7% to $3.59 in premarket action Thursday. The hydrogen fuel-cell maker had dropped 9.8% Wednesday to finish at $3.69. Premarket is the trading session before exchanges open, and price swings can be more volatile with lighter volume.