We recently published a list of Top 20 Falling Stocks with Unusual Volume. In this article, we are going to take a look at where Plug Power Inc. (NASDAQ:PLUG) stands against other top falling stocks with unusual volume.
Uncertainty around tariffs and macroeconomic conditions has dented investor confidence, resulting in stock prices falling. While some stocks have come under pressure due to the above two reasons, others have simply followed the market direction or have dipped for company-specific reasons.
Regardless of the reasons for stocks going down, falling stocks provide an opportunity for fresh investors to get in at good prices. Once the risks subside, these stocks usually recover quickly as well. We decided to uncover these stocks and see if it makes sense to put money in them to take advantage of the ongoing market turmoil.
To come up with our list of top 20 stocks falling with unusual volume, we looked at stocks over $300 million in market cap, their one-week performance, and used relative volume to detect the unusual volume activity.
Relative volume compares the daily volume to the three-month average trading volume of the stock, making it easy to detect spikes in volume. These spikes usually signal something important is happening, which, when combined with falling prices, becomes a red flag that investors can’t ignore.
A generator being fueled and readied for use as part of an end-to-end green hydrogen ecosystem.
Plug Power Inc. (NASDAQ:PLUG)
Plug Power Inc. (NASDAQ:PLUG) operates as a hydrogen fuel cell product solutions developer. It provides GenSure, GenDrive, GenCare, ProGen fuel cell engines, GenKey, and GenFuel hydrogen storage and dispensing products. The company also offers liquefaction systems, electrolyzers, cryogenic equipment, and liquid hydrogen. Its stock price hit a six-year low in the last month and just in the last week, the stock is down 19.26% on a relative volume of 2.08.
To improve financial stability, Plug Power Inc. (NASDAQ:PLUG) has recently announced restructuring plans, including workforce reductions and cost reductions. The company targets to reduce annual expenses by $150 million to $200 million. In a new filing, the firm highlighted its Project Quantum Leap plan to improve cash flows, margins, and profitability.
CEO Andy Marsh mentioned:
“Despite steps taken in 2024 to shore up the company’s finances, it is clear based on market dynamics that we have to make additional strides.”
In 2024, the company reported a net loss of $2.1 billion, an increase from $1.4 billion in 2023. The firm recorded a gross margin loss of 122% for the quarter. Plug Power Inc. (NASDAQ:PLUG) will require an additional $600 million investment for the completion of its Department of Energy Loan Guarantee program project. Overall, 2024 was a tough year for the company, and 2025 is unlikely to be better, going by the investor sentiment.
Overall, PLUG ranks 5th on our list of top falling stocks with unusual volume. While we acknowledge the potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLUG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
