Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Plug Power Is Tanking

Rob WileMar 15, 2014, 01:01 IST

This is getting ridiculous.

After surging as much as 17% yesterday, fuel cell machine distributor Plug Power shares are back down as much as 16% to $6.50

The catalyst appears to have been two downgrades, one from Cowen, which recently executed a registered offering for the firm; and one from Roth.

Ballard, which supplies the cells for Plug's machines, was down as much as 8%, while fellow fuel cell traveler FuelCell Energy was off as much as 11%.

Here's the (totally wacky) chart for the week.

Yahoo