Plug Power stock drops as short interest remains high despite restructuring

Plug Power stock has fallen significantly, reaching its lowest point since early April, despite ongoing restructuring efforts. The company, a leader in hydrogen energy, has seen its shares drop 45% from their year-to-date high. Short interest remains high at 27.4%, indicating investor skepticism about its turnaround. Despite these challenges, Plug Power has secured new orders and reported improved gross margins, though concerns about its cash position persist ahead of its upcoming earnings report.