Plug Power Inc. (PLUG) Soars 9.47%

Plug Power Inc. (PLUG) Soars 9.47%

Plug Power Inc. (PLUG) had a good day on the market for Monday November 25 as shares jumped 9.47% to close at $3.70. About 17.22 million shares traded hands on 44,348 trades for the day, compared with an average daily volume of n/a shares out of a total float of 252.96 million. After opening the trading day at $3.47, shares of Plug Power Inc. stayed within a range of $3.81 to $3.42.

With today’s gains, Plug Power Inc. now has a market cap of $935.94 million. Shares of Plug Power Inc. have been trading within a range of $3.77 and $0.99 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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.

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

Plug Power Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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