Today’s Research Reports on Trending Tickers: EnerSys and Plug Power Inc.

NEW YORK, NY / ACCESSWIRE / May 8, 2018 / A strong performance by the energy sector lifted U.S. markets higher for the second consecutive session Monday as oil prices topped $70 a barrel. Investor attention will now shift to President Trump’s decision on the Iran nuclear accord on Tuesday at 2:00 p.m. The Dow Jones Industrial Average gained 0.39 percent to close at 24,357.32, while the S&P 500 Index rose 0.35 percent to close at 2,672.63. The Nasdaq Composite Index jumped 0.77 percent to close at 7,265.21.

“We’re waiting on more clarity about the Iran deal. If Trump pulls out, which other leaders have urged him not to do, then supply will be cut, which will have the same impact as rising demand in terms of driving up prices. But even beyond that, we’re entering the summer driving season and the energy sector has been down for so long that it looks poised for a rebound,” said Mark Martiak, senior wealth strategist at Premier Wealth/First Allied.

RDI Initiates Coverage on:

EnerSys
https://rdinvesting.com/news/?ticker=ENS

Plug Power Inc.
https://rdinvesting.com/news/?ticker=PLUG

EnerSys’ stock jumped 6.32% Monday, to close the day at $74.14. The stock recorded a trading volume of 304,771 shares, which was above its three months average volume of 197,114 shares. In the last year, EnerSys’ shares have traded in a range of 61.33 – 84.74. The share price has gained 20.89% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $69.47 is below its 200-day moving average of $69.87. Shares of the company are trading at a Price to Earnings ratio of 32.59. Shares of EnerSys have gained roughly 11.51 percent in the past month and are up 6.48 percent year-to-date.

Access RDI’s EnerSys Research Report at:
https://rdinvesting.com/news/?ticker=ENS

On Monday, shares of Plug Power recorded a trading volume of 3,511,629 shares, which was below the three months average volume of 3,758,875 shares. The stock ended the day 3.31% higher at $1.87. The share price has fallen 41.74% from its 52 week high with a 52 week trading range of 1.53 – 3.21. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $1.88 is below its 200-day moving average of $2.16. Shares of Plug Power have gained roughly 3.89 percent in the past month and are down 20.76 percent year-to-date.

Access RDI’s Plug Power Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PLUG

Our Actionable Research on EnerSys (NYSE :ENS) and Plug Power Inc. (NASDAQ :PLUG) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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