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Tale of the Tape

Plug Power Inc. (PLUG - Snapshot Report) was a big mover last session, as the company saw its shares rise over 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.18 to $4.80 since Jun 19.

Though the company has seen no negative revision in the past 30 days, its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Plug Power currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the machinery electrical industry include EnerSys (ENS - Snapshot Report), Emerson Electric Co. (EMR - Analyst Report) and Franklin Electric Co., Inc. (FELE - Snapshot Report). While EnerSys sports a Zacks Rank #1 (Strong Buy), Emerson Electric and Franklin Electric have a Zacks Rank #2 (Buy).

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