Plug Power Inc. (PLUG, Financial) experienced significant stock price movement, with a notable rise of 5.12%. The stock is currently trading at $2.26 per share, with a trading volume of 22.15 million shares and a turnover rate of 2.52%, fluctuating by 5.00%.
Recent financial data reveals that the company generated revenue of $143 million, but faced a net loss of $262 million, translating to earnings per share (EPS) of -$0.36 and a gross loss of $131 million. The price-to-earnings (P/E) ratio stands at -0.96.
Among the 27 institutions that have rated the stock, 33% recommend buying, while 52% suggest holding, and 15% advise selling. The broader electrical equipment and parts industry witnessed an overall increase of 0.92%.
Key players in the sector, like Lightbridge Corporation, FuelCell Energy, and Enovix Corporation, saw notable gains. Companies such as Expion360 Inc., Lightbridge Corporation, and Nxu, Inc. were actively traded with turnover rates of 143.53%, 29.17%, and 15.81% respectively. Stocks like Lightbridge Corporation and FuelCell Energy also experienced significant price swings, with volatility registered at 30.88% and 23.00% respectively.
Plug Power is developing a comprehensive green hydrogen ecosystem, encompassing production, storage, transportation, and energy generation. The company aims to establish a green hydrogen network across North America and Europe and plans to supply green hydrogen solutions directly to customers and through joint ventures in various markets, including material handling, electric mobility, power generation, and industrial applications.
