Plug Power Inc. (NASDAQ:PLUG) Up 19.57%, Tsakos Energy Navigation Ltd. (NYSE:TNP) Up 18.10%

Posted by Michael Korte May 27, 2013 0 Comment 1346 views


Northern, WI 05/27/2013 (GDPInsider) – Plug Power Inc. (NASDAQ:PLUG) started trading today 0.29, 0.01 up on its previous close of 0.28 and quickly began its upward trend for the day. The stock is presently up 19.57% on trading volume of 8.867 million – 220.57% above average volume of 2.766 million. The stock has a range of 0.2817 and 0.3488 and is trading 74.25% below its 52-week high of 1.30 and 179.00% above its 52-week low of 0.12.

PLUG is a leading alternative energy supplier of fuel cell systems used in off-road markets around the world. The company announced recently the securing of a $6.5 million investment from Air Liquide. The strategic investment will bolster PLUG’s development and roll out of its hydrogen fuel cells for forklift trucks and other horizontal markets.

PLUG is currently up 55.36% on its 20-day simple moving average and 68.24% above its 50-day simple moving average. The stock has a 14-day RSI of 69.53 indicating that it is very near being overbought and analysts have set a target price of 0.60 for PLUG.

Is PLUG a solid investment at these levels? Get exclusive data and trends here.

Tsakos Energy Navigation Ltd. (NYSE:TNP) opened trading today at 4.85, a good 0.60 above its previous close of 4.20 and the stock is presently up 18.10% on strong trading volume of 2.454 million. Average volume is 301.27K which means current trading is up 714.72%.

TNP has a range of 4.67 and 5.21 and the stock is currently trading 18.66% below its 52-week high of 6.10 and 65.59% above its 52-week low of 3.00. TNP’s technical chart shows a northward climb which has prevailed in the last five days. The stock is currently trading 5.24% below its first resistance point of 5.22 and the trend suggests TENP might break through this level imminently.

TNP made a good showing in its recent earnings call, beating out Wall Street expectations by posting a profit on stronger than expected revenues. Adjusted EPS climbed 0.02 in the first quarter, improving on the -0.19 posted in the corresponding quarter for 2012.

The stock is overbought with an RSI of 77.75.

How Should Investors Trade TNP Now? Get exclusive insights and updates here.

 

 

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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