Mar. 7 at 6:52 AM
$PLUG Bloom Energy (
$BE) is a useful comparison for Plug Power (
$PLUG). Yesterday Bloom ended the day down 15.5%, even though there was no company-specific negative news.
The main trigger was the weak U.S. February jobs report: -92,000 jobs versus expectations of +60,000, unemployment rising to 4.4%, and manufacturing losing 12,000 jobs (after +5,000 in January). When macro data spooks the market, selling often hits the whole energy and hydrogen sector, including companies like Plug Power.
Daily stock price watching requires some media literacy—short-term price moves are often a weak signal. The current volatility is also easy to connect to a chaotic domestic and foreign policy environment and one man’s need to end up in the history books as a great leader and warlord. Time is running out, so everything has to be done in a furious rush
