Plug Power is trading 4% down at $2.16 after abandoning plans for a major green-hydrogen plant at Belgium’s Port of Antwerp-Bruges.
- The canceled project represented a potential €350–400 million investment.
- Plug recorded a €13.6 million impairment on related assets; management cited uncertain hydrogen-market development and poor economic viability.
- Broader risk-off trading is adding pressure, with the Nasdaq down 0.81% and rising Treasury yields weighing on growth-oriented stocks.