Plug Power's Stock Plummets 40% Amid Financial Concerns

Plug Power's stock plummeted by 40% after the company reported weaker-than-expected results and issued a "going concern" notice, expressing doubts about its ability to fund operations over the next year. The hydrogen fuel cell developer posted a loss of $0.47 per share for the third quarter, with net revenue falling short of expectations. Despite the CFO downplaying the warning, analysts have downgraded the stock and lowered their price targets, citing challenging operating and capital markets environments. Plug Power's stock has been under pressure, and renewable energy stocks have struggled this year.