Market Winners and Losers: Plug Power Soars, ChargePoint and Canoo Stumble

Shares of hydrogen fuel cell maker Plug Power surged by 11.5% while charging network company ChargePoint Holdings and specialty EV maker Canoo plummeted by 17% and 19% respectively. ChargePoint's stock dropped after announcing a capital raise, which contradicted its previous statements about reaching profitability. In contrast, Plug Power announced new supply contracts and raised its sales outlook, boosting investor confidence. However, investors should approach these stocks with caution as they remain speculative and subject to volatility.