Plug Power (PLUG, Financial) experienced a sharp decline in its stock price, dropping by 5.45%. The stock is currently priced at $2.08 per share, with a trading volume of 27.83 million shares, a turnover rate of 3.05%, and a price fluctuation of 8.18%. Recent financial reports indicate that the company generated $174 million in revenue but posted a net loss of $211 million, translating to an earnings per share of -$0.25. The gross profit was reported at -$100 million, with a price-to-earnings ratio of -1.00.
In terms of analyst ratings, out of 27 institutions, 30% recommend buying, 52% suggest holding, and 18% advise selling the stock. The electrical equipment parts industry, where Plug Power operates, saw an overall increase of 2.37%. Notable gainers in the sector include Sunlight New Energy, Powell Industries, Inc., and Lightbridge Corporation. Active stocks with high turnover rates include Lightbridge Corporation, FuelCell Energy, and Expion360 Inc., with turnover rates of 8.70%, 7.25%, and 4.37%, respectively. Stocks with significant price swings include Stardust Power Inc C/Wts Exp 21/06/2029, Microvast Holdings Inc C/Wts 01/04/2026, and Ads Tec Energy Plc C/Wts, with fluctuations of 19.09%, 16.30%, and 16.30% respectively.
Plug Power is developing a comprehensive green hydrogen ecosystem, covering production, storage, delivery, and energy generation. The company plans to build and operate green hydrogen highways in North America and Europe, directly providing green hydrogen solutions to customers and entering various end markets through joint ventures, including material handling, electric vehicles, power generation, and industrial applications.
