Plug Power Inc. (PLUG): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Plug Power ( PLUG) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Plug Power fell $0.55 (-8.4%) to $5.96 on average volume. Throughout the day, 56,705,816 shares of Plug Power exchanged hands as compared to its average daily volume of 40,223,100 shares. The stock ranged in price between $5.82-$6.59 after having opened the day at $6.49 as compared to the previous trading day's close of $6.51. Other companies within the Electronics industry that declined today were: China BAK Battery ( CBAK), down 12.1%, BTU International ( BTUI), down 9.1%, Yingli Green Energy Holding Company ( YGE), down 8.3% and Parkervision ( PRKR), down 5.5%.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. Plug Power has a market cap of $785.3 million and is part of the technology sector. Shares are up 320.0% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Plug Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Plug Power as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and weak operating cash flow.

On the positive front, Aehr Test Systems ( AEHR), up 10.7%, Quicklogic Corporation ( QUIK), up 10.6%, Sevcon ( SEV), up 9.4% and Maxwell Technologies ( MXWL), up 9.0% , were all gainers within the electronics industry with Micron Technology ( MU) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Plug Power Just Suffered Some Serious Damage

Closing Bell: Active Oil Rig Activity Falls; U.S. Stocks Retreat From Records

Stocks Lower as GE Depresses Dow, Microsoft Dips

Plug Power Stock Surges on Expanded Walmart Deal