Promising Industrial Stocks To Consider – October 6th

Plug Power, Caterpillar, and Cipher Mining are the three Industrial stocks to watch today, according to MarketBeat’s stock screener tool. Industrial stocks are shares of publicly traded companies whose primary business involves the manufacture, distribution or servicing of goods and infrastructure used in industrial and commercial operations. These firms typically span sectors such as machinery, aerospace and defense, construction, and transportation. Investors often view industrial stocks as a barometer of overall economic activity, since their revenues tend to rise and fall with business cycles and global trade conditions. These companies had the highest dollar trading volume of any Industrial stocks within the last several days.

Plug Power (PLUG)

Plug Power Inc. develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Cipher Mining (CIFR)