Plug Power Shares Extend Decline Amid Broader Market Pressure

Shares of hydrogen technology company Plug Power continued to lose ground on Tuesday, extending a weak start to the trading week. The downward move occurred against a backdrop of broader market tension.

The stock's weakness is part of a wider trend affecting speculative growth assets. U.S. equity futures pointed to a cautious opening on Tuesday morning, with the Nasdaq-100 future down approximately 0.45%. In such environments, high-volatility names like Plug Power, a perennial standout for its price swings within the hydrogen sector, often face pronounced selling pressure.

Trading volume remained elevated, a signal of sustained negative sentiment. On Monday, nearly 93 million shares changed hands. A previously watched support level around $2.20 has now been breached to the downside.

Should investors sell immediately? Or is it worth buying Plug Power?

Price Action Details

During early U.S. trading, the equity was quoted at $2.17, representing a decline of about 2.25%. This followed a significant drop on Monday, when shares closed at $2.22 after shedding 4.31% during the session. The retreat has been swift: from $2.32 on Thursday, December 12, the price has fallen to current levels, marking a noticeable dip in a short timeframe.

The picture was similar on European trading venues such as Tradegate. There, the price slid to €1.84 by late afternoon, also reflecting a loss of more than 2%.

The coming sessions will be critical in determining whether the current downward momentum persists or if bargain hunters begin to see value at these price levels.