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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
chartguy89
31 Oct 14 23:28:35
PLUG 4.71 Stock Charts $PLUG Plug Power Inc. (NASDAQ) Last Updated: 11/01/2014 01:28:35 PLUG Stock Chart - 1 M http://t.co/ytbxEBQU0F
Katsu
31 Oct 14 23:03:47
$PLUG nice finish today :)
Altamash Javed
31 Oct 14 22:39:19
RT @biggercapital: The entire $WMT DCenters opportunities is .25 Billion a year not including retail space opp. Minus cash $PLUG trading at…
Bull Logic
31 Oct 14 18:51:40
$PLUG heavy accumulation. Follow the money.
Edward Gofsky
31 Oct 14 18:30:03
RT @chart_freak: Quick Update http://t.co/YzYcTnrVoc $WLT $XLE $EXXI $PLUG $FCEL etc http://t.co/CVIUUR4QIM
DrugDates
31 Oct 14 18:01:13
Check out this Strategy on @Zercatto going up 173.2% since it started! https://t.co/BedZCcpQGB $baba $plug $aapl $bac $msft $nvda $ehth
bluearrowcharts
31 Oct 14 17:42:03
$PLUG Reports next week. Green on daily, weekly, monthly chart. Broke prior week high. http://t.co/YBF22y1kLX
john pagnotta
31 Oct 14 15:38:48
RT @chart_freak: Quick Update http://t.co/YzYcTnrVoc $WLT $XLE $EXXI $PLUG $FCEL etc http://t.co/CVIUUR4QIM
Stockaholics
31 Oct 14 15:05:27
Our Penny Stock Alerts Gained 250% In 2 days, So far! Big News: http://t.co/bMKiKj7wmb $PFSW $PLUG $PLXT
howardlindzon
31 Oct 14 15:04:31
RT @biggercapital: "@BreakingCall: "Powerful Example: @StockTwits Community at Work" (Soc Media Strategies for Investing) http://t.co/32hjC…
Stockaholics
31 Oct 14 15:00:29
Our Penny Stock Alerts Gained 250% In 2 days, So far! Big News: http://t.co/bMKiKj7wmb $JST $PLUG $SB
StockTwits
31 Oct 14 14:25:38
RT @biggercapital: "@BreakingCall: "Powerful Example: @StockTwits Community at Work" (Soc Media Strategies for Investing) http://t.co/32hjC…
Scott Smith
31 Oct 14 14:22:23
Setups I liked today that we'll be watching Monday $GPRO $PLUG $BLOX $ESI $DANG $AAPL $JRJC $MBLY $SCTY More setups. http://t.co/AUW3GJnIHe
Antonio Costa
31 Oct 14 14:11:21
$PLUG Daily short sale volume over the last month http://t.co/UMZIC8yrHd
Stock Relay
31 Oct 14 13:54:29
$MBLY Last Price Click Here: http://t.co/BBVF6qU0jT Also See: $PLUG $TNA $XLF $JASO ~
Figgz
31 Oct 14 13:39:57
RT @Spotlight_stock: just watched this guy accumulate about 400,000 shares of $PLUG in the last 4 minutes. & he MADE SURE he got his fill. …
Stock Relay
31 Oct 14 13:39:35
$MA Ask Click Here: http://t.co/BO56Zlea1Q Also See: $PLUG $LNG $SRPT $ABX ~
BreakingCall.com
31 Oct 14 13:25:33
RT @biggercapital: "@BreakingCall: "Powerful Example: @StockTwits Community at Work" (Soc Media Strategies for Investing) http://t.co/32hjC…
Media Sentiment
31 Oct 14 13:22:18
$PLUG received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 471
Michael Bigger
31 Oct 14 13:21:01
Comedy Central RT @bignels2: $PLUG with billions of $$ in Debt the only way for plug power is to Declare Bankruptcy
Small Cap Trader
31 Oct 14 13:11:11
$plug $trtc $monif $jrjc $jaso $gtatq market momo
Spikes n Bouncers
31 Oct 14 13:09:12
he literally spent MIN 1/2 a million on $PLUG @ the last minute. But there were major block orders from his side in last 4mins so ~~1mill
Michael Bigger
31 Oct 14 13:05:59
"@BreakingCall: "Powerful Example: @StockTwits Community at Work" (Soc Media Strategies for Investing) http://t.co/32hjCdDNVX | $PLUG "
Spikes n Bouncers
31 Oct 14 13:05:41
just watched this guy accumulate about 400,000 shares of $PLUG in the last 4 minutes. & he MADE SURE he got his fill. http://t.co/zOm0bp6DDk
Giannopoulos
31 Oct 14 13:02:51
$PLUG nice day! Price target $6
PsychSignal
31 Oct 14 13:01:19
180.0% increased bullish conversations in $PLUG in the past 1 hour.
Spikes n Bouncers
31 Oct 14 13:00:22
holy cow look at that last minute volume for $PLUG! someone's buying BIG
Jarrad Fiorito
31 Oct 14 12:59:13
Sold out of $PLUG at 4.70 ....oh well, not as much gas in the tank as I hoped
Bob Loukas
31 Oct 14 12:57:52
RT @chart_freak: Quick Update http://t.co/YzYcTnrVoc $WLT $XLE $EXXI $PLUG $FCEL etc http://t.co/CVIUUR4QIM
Lakith L
31 Oct 14 12:57:22
RT @ACInvestorBlog: $PLUG holding over weekend...should break on Monday...
Chandrachood
31 Oct 14 12:57:10
@ACInvestorBlog Whats the thesis, Based on any news? Also what do you think are the odds it touches its 52 wk high of $11? $PLUG
Chart Freak
31 Oct 14 12:56:46
Quick Update http://t.co/YzYcTnrVoc $WLT $XLE $EXXI $PLUG $FCEL etc http://t.co/CVIUUR4QIM
Antonio Costa
31 Oct 14 12:55:39
$PLUG holding over weekend...should break on Monday...
Big Money
31 Oct 14 12:54:28
$ONVO running end of day ramp!!!!!!! http://t.co/uXUW0oSbRx $CDTI $PLUG $FNMA $NWBO $FCEL $LAKE $APT $VSR http://t.co/y0qlEeFnBo
HokieZ28
31 Oct 14 12:52:18
$PLUG is going to put on a squeeze above 4.75 but I don't think today is the day, all out for the weekend
Michael Bigger
31 Oct 14 12:51:45
RT @wind4me: @biggercapital I sold a few so it's SURE to announce major customer $plug
Media Sentiment
31 Oct 14 12:51:30
$PLUG received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 455
Lakith L
31 Oct 14 12:51:18
Holding $PLUG & $CHGG over the weekend... Lets see how this plays out. good breakout patterns.. Keeping tight stops
@Boulder2DIA
31 Oct 14 12:50:54
@biggercapital I sold a few so it's SURE to announce major customer $plug
Big Money
31 Oct 14 12:50:17
$ONVO running eod http://t.co/uXUW0oSbRx $AAL $AAPL $TSLA $NFLX $LAKE $RGLS $MCGC $PLUG $FCEL $APT http://t.co/yLo3yrVgqO
Eternity101
31 Oct 14 12:50:04
RT @OphirGottlieb: $PLUG Before Earnings... See These 8 Charts http://t.co/q0AFe6CoW3 http://t.co/3gevNfiu2f
@Boulder2DIA
31 Oct 14 12:49:15
@AlbBizKrystle not a Walmart but every size counts $plug
@Boulder2DIA
31 Oct 14 12:47:41
@biggercapital logic and common sense for $plug ????? Naaahhh, about like $gld and $oil totally unpredictable
Lakith L
31 Oct 14 12:47:34
RT @ACInvestorBlog: $PLUG Looks like the panic buying is about to start.....
Ophir Gottlieb
31 Oct 14 12:47:22
$PLUG Before Earnings... See These 8 Charts http://t.co/q0AFe6CoW3 http://t.co/3gevNfiu2f
@Boulder2DIA
31 Oct 14 12:46:45
RT @biggercapital: The entire $WMT DCenters opportunities is .25 Billion a year not including retail space opp. Minus cash $PLUG trading at…
Antonio Costa
31 Oct 14 12:46:36
$PLUG eod breakout coming !!
Ani Anirudhan
31 Oct 14 12:45:29
RT @ACInvestorBlog: $PLUG 25% of flaot is sold short or 37.1M shares. Days to cover 5.4 !!! If it breaks above 4.75 they will start coverin…
OddStockTrader
31 Oct 14 12:44:27
$PLUG nice break
NelsNYC
31 Oct 14 12:44:19
RT @beckyhiu: Yeehaw $PLUG broke out of flag intraday. Let's see how this closes.
				
				
  +Follow January 9, 2014 11:39AM
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