Plugged

Stock market fact of the day: Of the 11 publicly listed companies headquartered in the Capital Region, the one currently with the highest market cap is Plug Power. The fuel cell system company recently hit a one-year high -- but its share price was once much, much higher. Being the local company with the highest market cap doesn't necessarily make Plug the biggest fish in the pond, though. Example: The Golub Corp -- the parent company of Price Chopper, headquartered in Schenectady -- is privately owned (that is, not listed on the stock market), and has annual revenues of almost $3.5 billion. [Biz Review] [Google Finance] [Forbes]

Comments

Wow. I did not realize $PLUG was a local company. It certainly has been a hot stock lately. Already tripled this year to date.

Proud owner of a few shares of Plug Power. I bought it on the cheap, although not the lowest it went. Will it ever return to those insane tech bubbles day? Probably not, but we can still hope!

What are the other 10 public companies?

Might want to check that market cap again. $PLUG lost almost half its value in one day yesterday. Via Seeking Alpha:

Plug Power -40% on Citron slam, drags down FuelCell, Ballard Power

The collapse in Plug Power (PLUG -40.8%) has pulled down other alternative fuel shares [...] Citron Research's report that said PLUG would be fairly valued at 50 cents. Citron's Andrew Left has since taken to the CNBC airwaves to say PLUG has no unique technology and PLUG's management cannot be trusted.

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