Plug Power Inc. stock rises Tuesday, outperforms market

Mar 25, 2023

Shares of Plug Power Inc. PLUG, +7.85% rallied 7.36% to $9.04 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, -0.57% rising 0.36% to 13,276.42 and the Dow Jones Industrial Average DJIA, +0.13% rising 0.03% to 33,573.28.

Plug Power Inc. closed $22.52 below its 52-week high ($31.56), which the company achieved on August 25th.

The stock outperformed some of its competitors Tuesday, as Air Products & Chemicals Inc. APD, +0.81% fell 0.46% to $278.50, Procter & Gamble Co. PG, -0.04% fell 0.99% to $144.49, and Ballard Power Systems Inc. BLDP, +2.64% rose 2.59% to $4.36.

Trading volume (25.6 M) eclipsed its 50-day average volume of 22.6 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Cyclical value stocks such as companies in the financials, industrials and basic materials sectors will play a catch-up to the megacap technology outperformance heading into the third quarter of 2023, broadening the stock-market rally and lifting the benchmark S&P 500 index to 4,400 level, according to Stifel.

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