Plug Power Turns Around but Cash Burn Stays in Focus
Plug Power Inc. shares rose on Monday, recovering part of last week’s losses. Traders looked at the company’s better margins but kept an eye on persistent high cash burn at the hydrogen equipment maker. The stock rose 0.8% to $3.98 in afternoon trading. More than 42 million shares changed hands. It started the session at $3.91 and moved between $3.80 and $4.01. The company’s market cap was around $5.5 billion.