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Plug Power Inc (PLUG) Experiences Extreme Whipsaw Action

  +Follow January 9, 2014 11:39AM
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Green energy company Plug Power Inc. (PLUG) continued its trend of violent up and downswings, as shares dropped significantly the day after an announcement of a deal with FedEx caused shares to soar.

Plug Power had been on a dramatic rise at the end of 2013, with a particularly sharp uptick in December. That first spike was caused by an announcement from CEO Andy Marsh, who assured investors that for the first time in 16 years Plug Power would finally turn a profit.

Plug Power develops and manufactures clean energy fuel cells. With the green energy market exploding, Plug Power had finally started to see a turnaround.

Major Uptick

Following a return to profitability, Plug Power gained additional traction on Jan. 8 when the company announced a partnership with shipping behemoth FedEx (FDX) to supply them with clean energy fuel cells for a proposed fleet of electric delivery trucks.

The $3 million deal was financed by the Department of Energy, who have supplied hefty good-faith loans and subsidies to green energy companies as of late.   

The resulting stock rise meant that in less than two weeks, the company had doubled in value.

Major Correction

The very next day the market corrected investors' exuberance. After all, the deal with FedEx, while nice, hardly justified an over $50 million one-day increase in valuation. On Jan. 9 the stock plunged amid heavy trading, shedding 21.20 percent in value to settle in at $3.59 a share.

As recently as one year ago, Plug Power, which at one time was worth over $1,500 a share, was on the brink of bankruptcy. While they have indeed returned to profitability, and the trend towards green energy seems to have no chance of waning anytime soon, the massive valuation increase of Plug Power was not sustainable, and could be due for further correction going forward.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for PLUG
Hariharan Vaidyanath
6 Mar 15 19:17:04
still holding my $AXPW shares, will write-off if it does not. Will go all the way win or lose.Still remember my $PLUG at .32, sold early.
Stock Rocket
6 Mar 15 18:49:04
Our Penny Stock Picks Gained Over 400% Within 5 Weeks! Subscribe For New Picks: http://t.co/E259yJUj0L $PFSW $PLUG $PLXT
Stock Rocket
6 Mar 15 18:48:04
Our Penny Stock Picks Gained Over 400% Within 5 Weeks! Subscribe For New Picks: http://t.co/E259yJUj0L $JST $PLUG $SB
@Boulder2DIA
6 Mar 15 18:26:42
@PlugPowerInc when will $PLUG release the six new customers Andy talked about?.
Mark Trader
6 Mar 15 18:01:20
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
studentoflife
6 Mar 15 17:56:37
RT @wind4me: Chemists develop technology to produce clean-burning hydrogen fuel http://t.co/fBTs48lJTz via @physorg_com $Plug $Fcel
Capital Market Labs
6 Mar 15 17:56:28
$PLUG Cash from Operations and Stock Buy-backs Trends http://t.co/kirXX2DWqK
@Boulder2DIA
6 Mar 15 17:46:30
Chemists develop technology to produce clean-burning hydrogen fuel http://t.co/fBTs48lJTz via @physorg_com $Plug $Fcel
@Boulder2DIA
6 Mar 15 17:43:25
Hydrogen production breakthrough could herald cheap green energy http://t.co/Ky035E8ZAX via @physorg_com $Plug $Fcel
@Boulder2DIA
6 Mar 15 17:42:56
Hydrogen production breakthrough could herald cheap green energy http://t.co/Ky035E8ZAX via @physorg_com $Plug @plugpowerinc
Stockaholics
6 Mar 15 17:40:27
$JALA Has Gained As Much As 193.33% In 3 Days! Big News: http://t.co/cObU8d6ttP $JST $PLUG $SB
PennyStocker
6 Mar 15 16:06:00
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $KWK $PLUG $MDR $FWDG
@Boulder2DIA
6 Mar 15 15:14:51
$PLUG C3N4 photo catalysts article by Plug Power on Twitter-----reducing costs exponentially using hydrogen peroxide and solar
@Boulder2DIA
6 Mar 15 14:52:11
$PLUG $FCEL $HYGS all green in a sea of red---look at big picture---Andy has ammo up sleeve with new customers----Yes, I am Screaming ""FIRE
Vernon McDaniel
6 Mar 15 14:30:26
$PLUG Btw, I had a limit buy in at 2.93 for 3 months starting last Aug when it was above 6..finally cancelled it. That was my forecast low.
Greg David
6 Mar 15 13:08:50
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $CLF $CRC $SLM $PLUG $DNR $HL $EGO $CX $HPTG $ERNI
Capital Market Labs
6 Mar 15 12:51:26
$PLUG Return on Equity Trend http://t.co/YRIqp0YOeH
dcrenn
6 Mar 15 12:47:13
Demand for $PLUG fuel cells in the European and North American market is poised to grow exponentially. $CERE $TWTR $AAPL $CYTX $FB $GERN $GE
ed
6 Mar 15 12:42:20
$abio this reminds me of when I hit $plug from the .60 can't wait
KMR
6 Mar 15 12:21:57
$PLUG cover cover cover shorts its the weekend
Stocks News&Markets
6 Mar 15 12:20:47
Nate made $5,606 on $PLUG -Check it out! http://t.co/gC2FU51Kmx Learn #howtotrade http://t.co/axK8SMSgo9 $AXN $DRRX $DUST $JDST $ICEL
Stock Rocket
6 Mar 15 12:15:38
Our Pick On $STOA Is Up 20% Mid-Day! Special Update: http://t.co/BR0rl7HWsQ $PFSW $PLUG $PLXT
Mark Trader
6 Mar 15 11:22:03
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
Trader News Daily
6 Mar 15 11:20:38
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $FNFG $GLUU $PLUG $IFCR $CDE
Stockaholics
6 Mar 15 10:57:56
400% Gains On Stock Picks In Less Than 6 Weeks! New Picks Are Coming Soon: http://t.co/onPt58XvZI $JST $PLUG $SB
Stock Rocket
6 Mar 15 10:02:34
Thanks to the 5 pro traders at http://t.co/5jbX6lWXsj for an amazing week! My win rate was 80%. So sweet. $GRPN $OIBR $PLUG $FITX
Stockaholics
6 Mar 15 09:35:32
400% Gains On Stock Picks In Less Than 6 Weeks! New Picks Are Coming Soon: http://t.co/onPt58XvZI $PFSW $PLUG $PLXT
Capital Market Labs
6 Mar 15 09:04:23
$PLUG EPS Trend http://t.co/iyU52wwBzz
umbi1111
6 Mar 15 08:57:11
RT @ACInvestorBlog: $PLUG trying
Milkdud617
6 Mar 15 08:46:24
RT @ACInvestorBlog: $PLUG on the move
Aaron faulkner
6 Mar 15 08:44:28
$NEON Get em while there hot these shares are going fast. called it http://t.co/7aaYXEcp5v $AAPL $TSCTY LA $PLUG $S
@Boulder2DIA
6 Mar 15 08:35:24
"@Umarashraf28 $PLUG Watch Walmart video List will also be adding $HD and maybe NIKE and Macys. http://t.co/cpMZkKZGPZ"
Stockaholics
6 Mar 15 08:30:00
400% Gains On Stock Picks In Less Than 6 Weeks! New Picks Are Coming Soon: http://t.co/onPt58XvZI $LPR $TGD $PLUG
Media Sentiment
6 Mar 15 07:53:22
$PLUG received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 205
@Boulder2DIA
6 Mar 15 07:51:45
$PLUG Fuel cell pops 10% on a test, Ballard up 50% on VW, Hydrogenics up 20% on 47% revenue YoY, what's gonna happen $HD and revs up 277%
Antonio Costa
6 Mar 15 07:50:29
$PLUG on the move
Mark Trader
6 Mar 15 07:17:56
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
Antonio Costa
6 Mar 15 07:10:57
$PLUG trying
KMR
6 Mar 15 07:10:12
$plug getting bullish!!! Let's go $plug!!!!!
RichardChirpin
6 Mar 15 07:02:12
VOIS Billionaire Backer http://t.co/epuaNhhSmp $QTWW $PKPH $HIIT $WMHI $XPLT $MDBX $LOCO $S $ZNGA $EA $GLUU $TTWO $GAME $ATVI $PLUG
RichardChirpin
6 Mar 15 06:58:44
VOIS Mind Control Vid https://t.co/vKB3Wv41XF $QTWW $PKPH $HIIT $WMHI $XPLT $MDBX $LOCO $S $ZNGA $EA $GLUU $TTWO $GAME $ATVI $FB $PLUG $CYBR
RichardChirpin
6 Mar 15 06:56:11
VOIS Worldwide coverage http://t.co/2IVANspk1k $QTWW $PKPH $WB $HIIT $WMHI $XPLT $MDBX $LOCO $S $ZNGA $EA $GLUU $TTWO $GAME $ATVI $FB $PLUG
Calvin Bebermeyer
6 Mar 15 06:48:48
$plug stocktwits off line?
Dan Tsataros
6 Mar 15 06:40:17
RT @FastLaneStocks: http://t.co/FAmBswF7bL $HIMR... Trade this sucker. Dont miss it. ;) #stocks #stockmarket #hotstocks $AAPL $PLUG $TWTR
RichardChirpin
6 Mar 15 06:38:03
$VOIS set for a 30%+ day $IJJP $CGRA $VPOR $ECIG $BYSD $DRNE $BPZR $RITE $CEHC $DROP $HEMP $ISCO $PLUG $KNDI $FITX $STOA $ERBB $AZFL $SLTD
Fast Lane Stocks
6 Mar 15 06:10:22
http://t.co/FAmBswF7bL $HIMR... Trade this sucker. Dont miss it. ;) #stocks #stockmarket #hotstocks $AAPL $PLUG $TWTR
KMR
6 Mar 15 05:45:45
@ackyack sometimes after u make 50k off of $plug and lose it all you will understand my market cap and cash flow worries.
Penny Stock Secret
6 Mar 15 05:31:43
My Friend Made $4 Million Trading Like this! http://t.co/NovWYe2RAx .. $LPR $TGD $PLUG
Sentiquant
6 Mar 15 05:00:16
#sentishiftup $GLD $CL $TWTR $C $MSFT $GOOG $AAPL $IBM $GOOGL $PLUG #sentiquant 20150306 08:00:14:166
Trader News Daily
6 Mar 15 04:58:49
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $FNFG $GLUU $PLUG $IFCR $CDE
				
				
  +Follow January 9, 2014 11:39AM
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