Plug Power Inc. (PLUG) had a rough trading day for Friday March 15 as shares tumbled 15.06%, or a loss of $-0.39 per share, to close at $2.20. After opening the day at $2.59, shares of Plug Power Inc. traded as high as $2.60 and as low as $2.04. Volume was 14.89 million shares over 33,154 trades, against an average daily volume of n/a shares and a total float of 233.84 million.
As a result of the decline, Plug Power Inc. now has a market cap of $514.44 million. In the last year, shares of Plug Power Inc. have traded between a range of $2.65 and $0.99, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Plug Power designs electricity generation systems that use proton exchange membrane fuel cells. The company intends for its fuel cells to provide electricity to homes as an alternative to the existing electric utility grid and other power generation technologies. Plug Power will serve as General Electric’s exclusive worldwide supplier of fuel cell systems for residential and commercial applications of less than 35 kilowatts.
Plug Power Inc. is based out of Latham, NY and has some 644 employees. Its CEO is Andrew Marsh.