Overall market sentiment has been down on Plug Power Inc (PLUG) stock lately. PLUG receives a Bearish rating from InvestorsObserver Stock 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!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With PLUG Stock Today?
Plug Power Inc (PLUG) stock is trading at $22.96 as of 1:47 PM on Friday, Jan 14, a decline of -$0.95, or -3.97% from the previous closing price of $23.91. The stock has traded between $22.65 and $23.95 so far today. Volume today is 15,482,154 compared to average volume of 17,211,888.
To screen for more stocks like Plug Power Inc click here.
More About Plug Power Inc
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.
Click Here to get the full Stock Report for Plug Power Inc stock.