The move represents around 6% of the company's global workforce and comes on top of tens of thousands of reductions announced in the sector in recent weeks. Read More...
Motley Fool
Why Blink Charging, ChargePoint, and Plug Power Stocks All Dropped Today
Renewable energy stocks sank Thursday morning, and for a variety of reasons. As of 10:45 a.m. ET, shares of charging network operators Blink Charging (NASDAQ: BLNK) and ChargePoint (NYSE: CHPT) are down 6.7% and 6.8%, respectively, while hydrogen fuel cell company Plug Power (NASDAQ: PLUG) continues to give back yesterday’s gains, and is in fact down another 7.5% today. Yesterday, if you recall, Plug Power went on something of a wild ride, first rising several percentage points before ending the day with a loss, as investors first reacted to a positive assessment of the company’s prospects from The Wall Street Journal — then seemingly rejected that assessment entirely.
