What happened Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) haven't been having a good year so far in 2021. The stock is more than 60% below its January highs. That decline continued today, with shares off 2.8% as of 12:30 p.m. EDT. So what The company put out some news today, but it didn't get investors excited to buy shares. Several alternative energy names are moving lower today, and Plug Power is likely caught up with the general sector decline. Image source: Getty Images. The company said today that it has hired former Tesla (NASDAQ: TSLA) executive David Mindnich as executive vice president of global manufacturing. Mindnich spent more than five years with Tesla, most recently as senior director of gigafactory operations, according to his LinkedIn profile. Now what In his new role, Mindnich will be responsible for "optimizing the performance of Plug Power's global manufacturing facilities by tapping his experience with high-volume global manufacturing, process improvement and automation," according to a company statement. Plug Power has announced plans for several global projects, including building multiple green hydrogen production facilities in the U.S. and a joint venture with French automaker Renault to supply hydrogen-fuel-cell-powered light commercial vehicles and build out associated hydrogen fuel infrastructure in Europe. Today's announcement supports the company's growth strategy, but investors may still want to see results, rather than just plans. At least that's what today's downward move could indicate. 10 stocks we like better than Plug PowerWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Howard Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Source