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

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Plug Power ( PLUG) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Plug Power fell $0.44 (-9.8%) to $4.06 on light volume. Throughout the day, 27,436,282 shares of Plug Power exchanged hands as compared to its average daily volume of 45,876,100 shares. The stock ranged in price between $4.01-$4.43 after having opened the day at $4.41 as compared to the previous trading day's close of $4.50. Other companies within the Electronics industry that declined today were: Advanced Photonix ( API), down 12.3%, Sigmatron International ( SGMA), down 9.0%, Rubicon Technology ( RBCN), down 5.9% and Hutchinson Technology ( HTCH), down 5.7%.

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 $647.8 million and is part of the technology sector. Shares are up 190.3% year to date as of the close of trading on Friday. 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, eMagin ( EMAN), up 10.3%, LightPath Technologies ( LPTH), up 9.2%, Mattson Technology ( MTSN), up 7.0% and Wi-Lan ( WILN), up 6.3% , 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).

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