Time for Investors to Take the Plunge on Plug Power Inc. (NASDAQ:PLUG)

Equity Research firms currently have a positive stance on shares of Plug Power Inc. (NASDAQ:PLUG). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $2.65 on a short term basis.

At the time of writing, the stock was trading at $1.71. This represents a change from the opening price of -1.16%. In terms of performance, year to date, the stock is -17.54%. The monthly stock performance comes in at 12.99%. For the quarter, shares are performing at -1.14%. Weekly performance analysis shows the equity at 6.10%.

In taking a look at technical levels, shares are trading 4.59% away from the 50 day simple moving average and -6.78% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -42.62% away from it’s 52- week high and 31.54% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Plug Power Inc.’s RSI stands at 60.22. In looking at volatility levels, the shares saw weekly volatility of 3.85% and 5.35% over the past month.

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