Why Couldn’t Plug Power Stock Hold Onto Today’s Gains? (Motley Fool) Plug Power (NASDAQ: PLUG) stock, a developer of hydrogen fuel cells that operate as an alternate, renewable power source to oil, originally surged alongside oil futures, surging as much as 3.5 percent. Later in the day, however, concerns about the oil market began to surface, and those concerns transferred to Plug Power. In a nutshell, here’s the issue: Oil prices have risen from under $70 a barrel to near $80 in the last month, owing to disagreements among OPEC+ members over when and how much to increase production. This has raised the possibility that production will not increase as much as expected, resulting in even higher oil prices in the future./n
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