Plug Power Inc. stock outperforms competitors despite losses on the day

Plug Power Inc. stock outperforms competitors despite losses on the day

Shares of Plug Power Inc. PLUG, -4.14% slipped 4.14% to $27.82 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -0.38% falling 0.38% to 14,677.65 and Dow Jones Industrial Average DJIA, -0.31% falling 0.31% to 34,888.79. This was the stock’s fifth consecutive day of losses. Plug Power Inc. closed $47.67 below its 52-week high ($75.49), which the company achieved on January 26th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Ballard Power Systems Inc. BLDP, -4.54% fell 4.54% to $16.19, Methanex Corp. MEOH, -1.23% fell 1.23% to $33.61, and Enviva Partners LP EVA, -0.08% fell 0.08% to $52.90. Trading volume (16.6 M) remained 16.5 million below its 50-day average volume of 33.1 M.

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