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Plug Power, SunRun, NextEra Energy, Marathon Digital, Tesla: Why These 5 Stocks Are On Investors' Radar Today?

Published 03/10/2023, 02:26
Updated 03/10/2023, 03:40
© Reuters.  Plug Power, SunRun, NextEra Energy, Marathon Digital, Tesla: Why These 5 Stocks Are On Investors' Radar Today?
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Benzinga - U.S. stocks exhibited a mixed performance at the end of the trading day, with the Dow Jones falling over 70 points. The Dow Jones experienced a 0.22% decline, settling at 33,433.35, while the NASDAQ managed to rise by 0.67% to 13,307.77. The S&P 500 was flat, rising by 0.01% to 4,288.39.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Plug Power Inc (NASDAQ:PLUG) experienced a significant decline, closing at -10.20%, priced at $6.83. The stock hit an intraday high of $7.54 and a low of $6.74, marking a new 52-week low, with the 52-week high standing at $23.45. Truist Securities cut the price target from $9 to $8 ahead of the company’s upcoming symposium, reflecting moderate sequential growth expectations. The stock’s downturn was also attributed to a breakdown in technical support.

Sunrun Inc (NASDAQ:RUN) closed at -10.51%, with a final price of $11.24. The stock's intraday movements saw a high of $12.49 and a low of $11.16, with the 52-week range being $33.33 and $11.16. Sunrun is set to release its third quarter 2023 earnings report on November 1, 2023, promising insights into the company's performance and future outlook.

NextEra Energy Inc (NYSE:NEE) saw a decline of -8.96%, closing at $52.15. The energy company's stock reached an intraday high of $56.38 and a low of $50.18, with its 52-week range standing between $88.61 and $50.18. The stock's decline was influenced by a lowered growth rate outlook and several analysts cutting their price targets.

Marathon Digital Holdings, Inc. (NASDAQ:MARA) bucked the trend with a slight gain of 0.35%, closing at $8.53. The cryptocurrency mining company hit an intraday high of $9.69 and a low of $8.51, with its 52-week range being $19.88 and $3.11. The rise in Bitcoin's (CRYPTO: BTC) price positively impacted MARA's stock, drawing attention from retail investors.

Tesla Inc (NASDAQ:TSLA) also experienced a gain, albeit marginal, of 0.55%, closing at $251.6. The electric vehicle maker's stock reached an intraday high of $254.28 and a low of $242.62, with the 52-week high and low being $299.29 and $101.81 respectively. Despite the lower-than-expected vehicle production and delivery numbers for the third quarter, analysts like Dan Ives of Wedbush Securities remain bullish on Tesla's future growth.

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