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Plug Power (PLUG) Looks Good: Stock Adds 5.3% in Session
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Plug Power Inc. (PLUG - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 159.6% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Plug Power currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
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Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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Plug Power (PLUG) Looks Good: Stock Adds 5.3% in Session
Plug Power Inc. (PLUG - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 159.6% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Plug Power currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Plug Power, Inc. Price
Plug Power, Inc. price | Plug Power, Inc. Quote
A better-ranked stock in the Manufacturing - Electronics industry is Emerson Electric Co. (EMR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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