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Plug 1MW Electrolyzer Commissioned at World’s First Floating Offshore Green Hydrogen Production Site

Plug Power Inc. (NASDAQ: PLUG) announced yesterday the world's first production of hydrogen at sea on a floating platform with a Plug state-of the-art 1-megawatt electrolyzer on an offshore green hydrogen production site in Saint-Nazaire, France. Plug's electrolyzer will be directly powered by off-shore wind turbines.

PLUG

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Why Plug Power Shares Are Falling

Plug Power Inc (NASDAQ: PLUG) shares are trading lower by 4.58% to $28.66 Tuesday afternoon. Shares of several companies in the broader industrials sector are trading lower amid overall market weakness as August CPI readings showed inflation came in greater than expected.

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Short Interest Sector Focus: Industrials Sector

As of the close of business on Tuesday, 8/30, we captured the Top 10 Highest Short Interest % stocks within the Industrials Sector. The average short interest for stocks within the Industrials sector stands at 2.65%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.  

AGFY