Plug Power Stock Slips After Brief Bounce as Investors Watch June Cash Test
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.