Drilling Down Into 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 $2.40, up from yesterday’s close by 2.56%. 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

Plug Power Inc. (PLUG) currently trades with a market capitalization of $557.59 Million. That value represents a market adjusting for revenues that have been growing by 101.44 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$122.49 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.06 on a per share basis this quarter. Perhaps, that suggests something about why 1.66% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how PLUG has been acting. Looking at the stock’s movement on the chart, Plug Power Inc. recorded a 52-week high of $3.21. It is now trading 0.81% off that level. The stock is trading $2.45 its 50-day moving average by 0.05%. The stock carved out a 52-week low down at $0.83.

In recent action, Plug Power Inc. (PLUG) has made a move of +0.84% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, 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 15.59% with $225.86 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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