Plug Power Inc ( PLUG ) shares are trading lower by 5.5% to $3.07 during Wednesday’s session amid overall market weakness. Major indexes are lower Wednesday following hotter-than-expected March inflation data.

In March, inflation in the United States exceeded economist expectations, with the annual Consumer Price Index (CPI) rising to 3.5%, surpassing the previous month’s rate of 3.2%. This marked the second consecutive month of increase, disappointing investors who were anticipating Federal Reserve interest rate cuts.

Additionally, the monthly CPI growth of 0.4% exceeded forecasts of 0.3%, indicating ongoing inflationary pressures…

Is PLUG A Good Stock To Buy?

Wall Street analysts view Plug Power ( PLUG ) on the whole as a Neutral, given the history of coverage over the past three months. Craig Irwin from Roth MKM in Plug Power ( PLUG ) is the most optimistic, expecting a 100.0% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Plug Power ( PLUG ) fell 17.09%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 0.64% over the past year.

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According to data from Benzinga Pro, PLUG has a 52-week high of $13.44 and a 52-week low of $2.26.