At their lowest points through 1 p.m. ET on Tuesday, Plug Power (NASDAQ: PLUG) had shed 6.7%, Bloom Energy (NYSE: BE) 7.5%, and Hyzon Motors (NASDAQ: HYZN) 4.9%. Investors dumped these stocks after the latest economic data refueled fears of an economic slowdown that could force these companies to cut back on their plans. Although economists expected inflation in the U.S. to drop by 10 basis points in August versus July in what would have been the first signs of inflation cooling down, the latest data from the Bureau of Labor Statistics poured cold water on their hopes. Read More...
At their lowest points through 1 p.m. ET on Tuesday, Plug Power (NASDAQ: PLUG) had shed 6.7%, Bloom Energy (NYSE: BE) 7.5%, and Hyzon Motors (NASDAQ: HYZN) 4.9%. Investors dumped these stocks after the latest economic data refueled fears of an economic slowdown that could force these companies to cut back on their plans. Although economists expected inflation in the U.S. to drop by 10 basis points in August versus July in what would have been the first signs of inflation cooling down, the latest data from the Bureau of Labor Statistics poured cold water on their hopes.
