Plug Power Inc. (PLUG) Plunges 6.5%

Plug Power Inc. (PLUG) Plunges 6.5%

Plug Power Inc. (PLUG) had a rough trading day for Tuesday April 09 as shares tumbled 6.5%, or a loss of $-0.18 per share, to close at $2.59. After opening the day at $2.79, shares of Plug Power Inc. traded as high as $2.85 and as low as $2.59. Volume was 9.4 million shares over 20,975 trades, against an average daily volume of n/a shares and a total float of 243.84 million.

As a result of the decline, Plug Power Inc. now has a market cap of $631.53 million. In the last year, shares of Plug Power Inc. have traded between a range of $2.86 and $0.99, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Plug Power Inc 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. Its proucts include Gendrive, Genfuel, Gencare, Gensure.

Plug Power Inc. is based out of Latham, NY and has some 685 employees. Its CEO is Andrew Marsh.

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