Shares of Plug Power Inc. (NASDAQ:PLUG) traded at a new 52-week high today of $71.75. Approximately 11.2 million shares have changed hands today, as compared to an average 30-day volume of 39.6 million shares.
Based on a current price of $67.34, Plug Power Inc. is currently 10.2% above its average consensus analyst price target of $60.49.
Plug Power Inc is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way. The company”s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, the company replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. Its ProGen platform of modular fuel cell engines empowers OEMs and system integrators to adopt hydrogen fuel cell technology.
In the past 52 weeks, Plug Power Inc. share prices are bracketed by a low of $2.53 and a high of $71.75 and is now at $67.34, 2,562% above that low price.
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