Plug Power (FRA:PLUN) Momentum Rank : 1 (As of May. 04, 2024)

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What is Plug Power Momentum Rank?

Plug Power has the Momentum Rank of 1.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Plug Power's Momentum Rank

For the Electrical Equipment & Parts subindustry, Plug Power's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Plug Power's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Plug Power's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Plug Power's Momentum Rank falls into.

Plug Power Momentum Rank Related Terms

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Plug Power (FRA:PLUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (FRA:PLUN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PLUG:USA PLUG:Mexico 1PLUG:Italy 0R1J:UK PLUN:Germany PLUG:Austria

Address

968 Albany Shaker Road, Latham, NY, USA, 12110

Website

https://www.plugpower.com

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

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