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Stock impact report

Why Day Traders Are Loving the Math of Plug Power [Yahoo! Finance News]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Last month, I discussed the peculiar narrative behind hydrogen fuel cell specialist Plug Power (NASDAQ:PLUG). Starting off as one of the most promising technology startups, PLUG suffered years of disappointment. However, the novel coronavirus pandemic has brought the company into a new light considering the vulnerabilities associated with fossil-fuel-based global supply chains. Suddenly, the left for dead Plug Power is now one of the hottest names on Wall Street. Source: petrmalinak / Shutterstock.com But that wasn’t really my angle. Rather, I noted that PLUG has a very strong mathematical relationship with Tesla (NASDAQ:TSLA) shares. At the time, I wrote the following: From the beginning of this year, Plug and Tesla shares have recorded a 97% correlation coefficient. Mathematically, the two securities in terms of their trajectory — I’m not talking about nominal price levels of course — are virtually identical.InvestorPlace - Stock Market News, Stock Advice & Trading Tips I still stan Show less Read more
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