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Shares of Plug Power (NASDAQ:PLUG) were the recipient of some unusual options trading activity on Thursday. Traders purchased 32,467 put options on the company, American Banking News reports. This represents an increase of 395% compared to the average daily volume of 6,564 put options.

Several analysts have recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Plug Power in a research note on Tuesday, July 15th. They set an “outperform” rating and a $8.00 price target on the stock.

Shares of Plug Power (NASDAQ:PLUG) traded up 4.20% during mid-day trading on Thursday, hitting $6.105. 56,021,676 shares of the company’s stock traded hands. Plug Power has a 52 week low of $0.36 and a 52 week high of $11.72. The stock’s 50-day moving average is $5.06 and its 200-day moving average is $5.08. The company’s market cap is $1.020 billion.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.04) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.04). The company had revenue of $17.30 million for the quarter, compared to the consensus estimate of $16.73 million. On average, analysts predict that Plug Power will post $-0.13 earnings per share for the current fiscal year.

Plug Power Inc (NASDAQ:PLUG), is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of fuel cell systems for the industrial off-road (forklift or material handling) market.

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