Plug Power traded at $3.10 this Friday May 8th, decreasing $0.04 or 1.12 percent since the previous trading session. Looking back, over the last four weeks, Plug Power lost 12.96 percent. Over the last 12 months, its price rose by 259.67 percent. Looking ahead, we forecast Plug Power to be priced at 3.05 by the end of this quarter and at 2.86 in one year, according to Trading Economics global macro models projections and analysts expectations.
Plug Power Inc. is a provider of hydrogen fuel cell turnkey solutions. The Company is focused on proton exchange membrane (PEM), fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen and green hydrogen generation, storage, and dispensing infrastructure. It delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, the stationary power market, and more. In addition, the Company manufactures and sells fuel cell products to replace batteries and diesel generators in stationary backup power applications. The Company's products include GenDrive, GenFuel, GenCare, GenSure, GenKey, ProGen and GenFuel Electrolyzers. The Company’s products and services serve the North American and European material handling markets, and primarily supports large to mid-sized fleet, multi-shift operations in high-volume manufacturing and distribution centers.