|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||0.92 / 3.21|
Investors in Plug Power Inc saw new options begin trading this week, for the September 21st expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Investors in Plug Power Inc saw new options become available today, for the March 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PLUG options chain for the new March 2nd contracts and identified the following call contract of particular interest.
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223 Percent Revenue Growth from GenKey Hydrogen and Fuel Cell Solutions
Norway's largest grocery wholesaler commits to fuel cells for industrial electric vehicles as part of push for clean energy solutions
Investors considering a purchase of Plug Power Inc shares, but tentative about paying the going market price of $2.76/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2018 put at the $2 strike, which has a bid at the time of this writing of 12 cents.
The most recent short interest data has been released for the 09/29/2017 settlement date, which shows a 9,464,369 share decrease in total short interest for Plug Power Inc , to 30,503,722, a decrease of 23.68% since 09/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
In recent trading, shares of Plug Power Inc have crossed above the average analyst 12-month target price of $2.92, changing hands for $2.97/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.
Event to occur as an affiliated event of NYC Climate Week
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.
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