Plug Power Inc. (PLUG, Financial) recently experienced a significant stock price decline of 5.16%, with shares now trading at $2.02. The trading volume reached 30.56 million shares, showing a turnover rate of 3.47% and volatility of 5.16%.
The company's latest financial reports reveal an operating revenue of $143 million and a net loss of $262 million, translating to an earnings per share of -$0.36 and a gross profit of -$131 million. The price-to-earnings ratio stands at -0.86. Among 27 financial institutions rating the stock, 33% recommend buying, 52% suggest holding, and 15% advise selling.
In the broader electrical equipment sector, which saw an overall decline of 1.13%, some related stocks such as Solidion Technology, Nxu, Inc., and Enovix Corporation recorded notable increases. Solidion Technology and Expion360 Inc. demonstrated high activity levels with turnover rates of 207.35% and 85.44%, respectively. Notably, Solidion Technology, Lightbridge Corporation, and Stardust Power Inc C/Wts Exp 21/06/2029 exhibited significant volatility.
Plug Power Inc. is developing a comprehensive green hydrogen ecosystem that spans production, storage, transportation, and energy generation. The company aims to construct and operate a green hydrogen network across North America and Europe, delivering solutions directly to clients and through joint ventures. Their target markets include material handling, e-mobility, power generation, and industrial applications.
