Published on 29 Dec 2021 on Market Watch
Plug Power Inc. stock outperforms competitors despite losses on the day
Shares of Plug Power Inc. shed 1.31% to $27.96 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.25% to 36,488.63 and the NASDAQ Composite Index falling 0.10% to 15,766.22. This was the stock's second consecutive day of losses. Plug Power Inc. closed $47.53 short of its 52-week high ($75.49), which the company reached on January 26th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Ballard Power Systems Inc. fell 3.62% to $11.98, Methanex Corp. fell 6.59% to $39.66, and Enviva Partners LP fell 2.26% to $70.50.true Trading volume (13.4 M) remained 8.4 million below its 50-day average volume of 21.7 M.