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Plug Power Inc (NASDAQ:PLUG) shares plunged 9%

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On Friday, Plug Power Inc (NASDAQ:PLUG) shares plunged 9 percent, and it is the second week that PLUG stock lagged ending the week down nearly 20 percent as the investors’ previous enthusiasm for the technology sector stock seemed to have withered, at least for now. Plug Power Inc (NASDAQ:PLUG), is a supplier of fuel-cell systems, that are used in equipment such as forklifts. According to data compiled by FactSet, shares of Plug Power were off 19 percent in the previous week.

That was followed by gains of 77 percent in the week ended on March 7, and in that’s that week enthusiasm for Plug Power Inc (NASDAQ:PLUG) has pushed the stock and other fuel-cell stocks to multiyear highs.

PLUG has never been viable, despite lot of the promises by its top executive in the earnings for 2013. In January 2000, PLUG shares hit an intraday record of $1,565 and a record close of $1,497.50 in March of that year. The 2000 values have been adjusted to account for a reverse stock split in May 2011. Fuel-cell companies are on the cusp of profitability, for their reactionary investors.
On March 10, Plug Power shares traded as high as $10.31 and it’s the highest value of stock since October 2009.

On last trading day Plug Power Inc (NASDAQ:PLUG) ended up -3.86% lower to close at $5.97 while trading in the range of $5.91 – $6.33. Its return on assets (ROA) is -110.80% while return on investment (ROI) is 180.80%. Plug Power Inc (NASDAQ:PLUG) monthly performance is 66.30%. AAPL belongs to {Technology} sector with market capitalization of 634.86M and has 5.40% insider ownership. It is 56% away from its -49.06% week high. This Year Company’s Earnings per Share (EPS) growth is 36.30% and next year’s estimated EPS growth is 155.60%. Analysts mean target price for Plug Power Inc (NASDAQ:PLUG) is $7.75.

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