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Stocks in Review: Plug Power Inc. (PLUG), Genworth Financial, Inc. (GNW), Alcoa Corporation (AA)

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Plug Power Inc. (PLUG) traded within a range of $1.07 to $1.13 after opening the day at $1.1. The company has seen its stock decrease in value by -10% so far this year. The stock was down close to -2.7% on active volume in last trading session and closed at $1.08 per share. After the recent fall, the stock is currently holding -52.63% below its 52 week high of $2.28 and 30.12% above its 12-month low of $0.83. The shares are down by over -28.48% in the last three months, and the RSI indicator value of 48.22 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the United States. The company focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. Its product line includes GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and GenFund, which offers financing solutions to customers. The company sells its products to businesses and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

Genworth Financial, Inc. (GNW) continued its upward trend with the stock climbing 4.55% or $0.17 to close the day at $3.91 on light trading volume of 12.65M shares, compared to its three month average trading volume of 7.53M. The Richmond Virginia 23230 based company has been outperforming the life insurance group over the past 52 weeks, with the stock gaining 102.59%, compared to the industry which has advanced 43.4% over the same period. With RSI of 61.04, the stock should still continue to rise and get closer to its one year target estimate of $4.84, making it a hold for now.

Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insure prime-based and individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance products and services that aid in the sale of mortgages to the capital markets, as well as helps lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance, as well as bulk mortgage insurance that aids in the sale of mortgages to the capital markets in Australia. The U.S. Life Insurance segment offers long-term care insurance products, as well as service traditional life insurance and fixed annuity products in the United States. The Runoff segment covers non-strategic products, which primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products. This segment’s institutional products include funding agreements, funding agreements backing notes, and guaranteed investment contracts. It distributes its products and services primarily through appointed independent producers, financial intermediaries, employer groups, and sales specialists. Genworth Financial, Inc. was founded in 2003 and is headquartered in Richmond, Virginia.

Alcoa Corporation (AA) dropped $-0.69 to close the day at a new closing price of $37.87, a -1.79% decrease in value from its previous closing price that moved the stock 90.09% above its 52 week low of $20. A total of 11.49M shares exchanged hands during the day compared with its three month average trading volume of 4.17M. The stock, which fluctuated between $37.73 and $38.3 during the day, currently situated -4.8% below its 52 week high. The stock is up by 16.02% in the past one month and up by 27.85% over the past three months. With a one year target estimate of $38.75 and RSI of 63.66, the stock still has upside potential, making it a hold for now.

Alcoa Corporation engages in mining and production of bauxite, alumina, and aluminum products. It owns seven bauxite mines located near principal Atlantic and Pacific markets; and provides smelter grade alumina to aluminum manufacturers in Asia, the Middle East, and Latin America, as well as non-metallurgical grade alumina for industrial chemical operations in North America, Latin America, Europe, and Asia. The company is also involved in mining, refining, smelting, casting, and rolling aluminum products; production of aluminum billets, foundry ingots, rolling slabs, rods, powders, and proprietary alloys; and generation and sale of renewable energy. In addition, it produces and sells rolled aluminum sheets used in packaging, including aluminum bottles and food cans. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. Alcoa Corporation is based in New York, New York.

 

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