Shares of Plug Power Inc. PLUG, 2.79% slid 2.83% to $25.72 Monday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, 1.00% falling 2.19% to 14,713.90 and Dow Jones Industrial Average DJIA, 1.43% falling 1.78% to 33,970.47. The stock’s fall snapped a two-day winning streak. Plug Power Inc. closed $49.77 below its 52-week high ($75.49), which the company achieved on January 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Ballard Power Systems Inc. BLDP, 0.39% fell 4.92% to $15.06, Methanex Corp. MEOH, 3.96% fell 3.56% to $41.45, and Enviva Partners LP EVA, 0.13% rose 0.31% to $51.92. Trading volume (16.7 M) remained 306,786 below its 50-day average volume of 17.0 M.