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Feb. 9, 2022, 5:16 p.m. EST

Plug Power Inc. stock underperforms Wednesday when compared to competitors despite daily gains

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Shares of Plug Power Inc. (NAS:PLUG) advanced 4.74% to $23.00 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index (NASDAQ:COMP) rising 2.08% to 14,490.37 and the Dow Jones Industrial Average (DOW:DJIA) rising 0.86% to 35,768.06. This was the stock's fourth consecutive day of gains. Plug Power Inc. closed $46.00 below its 52-week high ($69.00), which the company reached on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Ballard Power Systems Inc. (NAS:BLDP) rose 5.12% to $9.86, Methanex Corp. (NAS:MEOH) rose 2.76% to $49.45, and Enviva Inc. (NYS:EVA) rose 2.62% to $71.72. Trading volume (17.5 M) remained 2.6 million below its 50-day average volume of 20.1 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.

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