Plug Power Inc. (NASDAQ:PLUG) shares are trading lower on Monday. This decline reflects sector-wide profit-taking as investors are rotating out of hydrogen stocks after weeks of significant gains.
The Nasdaq is down 0.81% while the S&P 500 has shed 0.35%.
The drop serves as a breather for the clean energy sector. A major rally recently boosted the industry. First-quarter earnings and rising AI-driven data center power demand fueled that upward move.
Fading Post-Earnings Momentum
The alternative energy company reported its first-quarter results earlier this week. Revenue reached $163.5 million. This represents a 22% year-over-year increase.
Plug Power reported a quarterly loss of 8 cents per share. The performance beat the analyst consensus estimate of a 9-cent loss. However, the …
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