Taking a Fresh Look at Plug Power Inc. (PLUG)

Plug Power Inc. (PLUG) is an interesting player in the Technology space, with a focus on Diversified Electronics. The stock has been active on the tape, currently trading at $1.86, up from yesterday’s close by 0.00%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Plug Power Inc. (PLUG) currently trades with a market capitalization of $411.26 Million. That value represents a market adjusting for revenues that have been falling by -15.23 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PLUG, the company currently has $26.59 Million of cash on the books, which is offset by $27.69 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-100.65 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $-0.07 on a per share basis this quarter. Perhaps, that suggests something about why 24.74% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Plug Power Inc. recorded a 52-week high of $2.70. It is now trading 0.84% off that level. The stock is trading $1.98 its 50-day moving average by 0.12%. The stock carved out a 52-week low down at $0.83.

In recent action, Plug Power Inc. (PLUG) has made a move of -15.84% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.09, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.41% with $221.11 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PLUG.

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