Plug Power Inc. (PLUG): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Plug Power fell $0.31 (-4.2%) to $7.01 on average volume. Throughout the day, 58,239,578 shares of Plug Power exchanged hands as compared to its average daily volume of 44,008,300 shares. The stock ranged in price between $6.81-$8.37 after having opened the day at $7.61 as compared to the previous trading day's close of $7.32. Other companies within the Technology sector that declined today were: Kingtone Wirelessinfo Solution ( KONE), down 13.2%, Castlight Health Inc Class B ( CSLT), down 9.0%, Advanced Photonix ( API), down 8.7% and SMART Technologies ( SMT), down 8.3%.

Plug Power Inc., an alternative energy technology provider, is engaged in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. Plug Power has a market cap of $1.1 billion and is part of the electronics industry. Shares are up 372.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Plug Power a buy, no analysts rate it a sell, and 2 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, Cbeyond ( CBEY), up 38.6%, Sequans Communications ( SQNS), up 13.8%, eOn Communications Corporation ( EONC), up 13.5% and Maxwell Technologies ( MXWL), up 12.0% , were all gainers within the technology sector with Baidu ( BIDU) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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