(VIANEWS) – Shares of Plug Power (NASDAQ: PLUG) fell 8.89% to $21.31 at 10:43 EST on Wednesday, after two consecutive sessions in a row of gains. NASDAQ is dropping 1.81% to $10,973.69, after two sequential sessions in a row of gains. This seems, as yet, an all-around bearish trend trading session today.
Plug Power’s last close was $23.39, 49.7% under its 52-week high of $46.50.
About Plug Power
Plug Power Inc. provides end-to-end hydrogen and zero emission fuel cell solutions to supply chain and logistics, on-road electric cars, the stationary power market and other markets in North America as well as internationally. The company is involved in the creation of a green hydrogen ecosystem that includes green hydrogen storage, delivery and production as well as energy generation via mobile and stationary devices. It offers fuel cell and battery hybrid technologies as well as fuel cell and fuel cell processing and proton exchange membrane (PEM) technologies. GenDrive is a hydrogen-powered PEM fuel cells system, which provides power for material handling electric cars; GenFuel is a liquid fueling delivery system, storage, dispensing and storage system. GenCare offers an on-site maintenance program that uses the Internet of Things to maintain and service GenDrive fuel cells systems, GenSure fuel cells systems, GenFuel fuel cell products and engines, as well as GenDrive and GenSure stationary fuel cell solutions that provide modular PEM fuel-cell power to meet the grid support power needs of the utility, telecom, transport, utilities. GenKey is a turn-key integrated solution to transitioning from fuel cell power. It also offers ProGen, which is a fuel cells stack and engine technology that can be used in stationary and mobility fuel cell systems and in engines for electric delivery vans. GenFuel Electrolyzers are hydrogen generators specifically designed for clean hydrogen production. It sells products via a direct sales force, original equipment makers, and dealer networks. The company has agreements with Airbus, Lhyfe, Edison Motors and Phillips 66. It also works with Apex Clean Energy, BAE Systems and Universal Hydrogen Co. It was established in 1997. The company is located in Latham in New York.
Earnings Per Share
As for profitability, Plug Power has a trailing twelve months EPS of $-1.58.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -11.83%.
Plug Power’s value is way under its 50-day moving average of $25.54 and under its 200-day moving average of $22.91.
Plug Power’s sales growth for the current quarter is 30.5%.
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