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Plug Power (PLUG) Jumps: Stock Rises 6.9%

Zacks Equity Research
·2 mins read

Plug Power Inc. PLUG was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.71 to $12.77 in the past one-month time frame.

The upmove came after the company announced that it has developed a lightweight, rugged 1kW fuel cell system that can be used for various aerospace applications.

The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Plug Power currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Plug Power, Inc. Price

Plug Power, Inc. Price
Plug Power, Inc. Price

Plug Power, Inc. price | Plug Power, Inc. Quote

Investors interested in the Manufacturing - Electronics industry may consider Rexnord Corporation RXN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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