Plug Power (PLUG) Shares are Up 4.91%

Plug Power (PLUG) : Traders are bullish on Plug Power (PLUG) as it has outperformed the S&P 500 by a wide margin of 13.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.73%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.91% in the last 1 week, and is up 13.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 11.51% and the 50-Day Moving Average is 4.43%.The 200 Day SMA reached 7.01%


Plug Power (NASDAQ:PLUG): After opening at $1.7, the stock dipped to an intraday low of $1.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.72 and the buying power remained strong till the end. The stock closed at $1.71 for the day, a gain of 1.18% for the day session. The total traded volume was 1,450,760. The stocks close on the previous trading day was $1.71.

Plug Power (PLUG) : Average target price received by Plug Power (PLUG) is $2.7 with an expected standard deviation of $0.45. The most aggressive target on the stock is $3, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.

Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Companys product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.

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