Plug Power Inc. (PLUG) Plunges 6.67%

Plug Power Inc. (PLUG) Plunges 6.67%

Plug Power Inc. (PLUG) had a rough trading day for Thursday November 07 as shares tumbled 6.67%, or a loss of $-0.19 per share, to close at $2.66. After opening the day at $2.72, shares of Plug Power Inc. traded as high as $2.76 and as low as $2.55. Volume was 7.73 million shares over 20,137 trades, against an average daily volume of n/a shares and a total float of 252.96 million.

As a result of the decline, Plug Power Inc. now has a market cap of $672.87 million. In the last year, shares of Plug Power Inc. have traded between a range of $3.14 and $0.99, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Plug Power Inc is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way. The company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, the company replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. Its ProGen platform of modular fuel cell engines empowers OEMs and system integrators to adopt hydrogen fuel cell technology.

Plug Power Inc. is based out of Latham, NY and has some 685 employees. Its CEO is Andrew Marsh.

Plug Power Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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