The market has been high on Plug Power Inc (PLUG) stock recently. PLUG gets a Bullish score from InvestorsObservers Stock Sentiment Indicator.
Plug Power Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PLUG!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stocks trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObservers Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
Whats Happening With PLUG Stock Today?
Plug Power Inc (PLUG) stock is trading at $11.58 as of 10:00 AM on Friday, Aug 7, a rise of $0.85, or 7.92% from the previous closing price of $10.73. The stock has traded between $10.73 and $11.67 so far today. Volume today is less active than usual. So far 5,691,957 shares have traded compared to average volume of 28,154,612 shares.
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 companys 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.