|Day Low/High||2.01 / 2.12|
|52 Wk Low/High||0.83 / 2.70|
Plug remains above solid support following Tuesday morning's disappointing earnings report.
Amendment Increases Total Commitment by $20 Million to Support the funding of hydrogen and fuel cell system deployments and high-tech green jobs in New York State
Disappointing guidance from General Electric and a slump in crude oil prices dragged Wall Street from recent records.
Plug will provide up to 30 new Walmart stores with hydrogen fuel stations and fuel cells.
Investors considering a purchase of Plug Power Inc shares, but cautious about paying the going market price of $1.91/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $1.50 strike, which has a bid at the time of this writing of 22 cents.
Roth Capital downgraded the shares to sell, saying that the fuel cell firm's widely covered partnership with Amazon will dilute shareholders' value.
Analysts at Rodman & Renshaw also kept their rating unchanged, affirming their buy call on the shares and a $4 price target.
Company promotes turnkey hydrogen fuel cell power to utility telecommunications professionals in booth 205
The Nasdaq closes at a record for the third session in a row as volatility holds at its lowest level in more than two decades.
The Nasdaq remain in the green, on track to close at another record, as Apple holds above its newly-secured $800 billion market cap level.
Stocks hold slightly higher on Tuesday morning as the low-volatility trading environment remains stable on Wall Street.
The company further confirmed its 2017 confirmed full-year 2017 revenue guidance at $130.0 million and gross margins of 8% to 12%.
Plug Power PLUG reported losing 13 cents a share on revenue of $15.2 million.
Stock futures move higher on Tuesday, setting the S&P 500 and Nasdaq up to notch new intraday records when markets open.
Commentary and Results in new Shareholder Letter format
Ballard has an equipment deal with Zhongshan to deliver 200 FCveloCity fuel cell engines to be used in demonstrations of clean energy buses and commercial vehicles in key Chinese cities.
In recent trading, shares of Plug Power Inc have crossed above the average analyst 12-month target price of $2.01, changing hands for $2.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.