EV Stock Alert: Plug Power Inc (PLUG) Receives Bearish Sentiment Score

EV stock PLUG is lower by 4.42% Monday. Plug Power Inc (PLUG) stock is lower by 12.49% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Plug Power Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PLUG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PLUG Stock Today?

Plug Power Inc (PLUG) stock is trading at $15.14 as of 10:36 AM on Monday, Nov 21, a loss of -$0.70, or -4.42% from the previous closing price of $15.84. The stock has traded between $15.01 and $15.50 so far today. Volume today is below average. So far 3,085,612 shares have traded compared to average volume of 18,956,554 shares. To see InvestorsObserver's Sentiment Score for Plug Power Inc click here.

More About Plug Power Inc

Plug Power is building an end-to-end green hydrogen ecosystem-from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets-including material handling, e-mobility, power generation, and industrial applications. Click Here to get the full Stock Report for Plug Power Inc stock.