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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.

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Results for PLUG
Michael James
5 Sep 15 08:54:00
Our Penny Stock Alert On $GEQU Is Up 614.29% For Our Subscribers! Check Out Our New Pick: http://t.co/7IiluPoPtS $PFSW $PLUG $PLXT
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5 Sep 15 08:52:27
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Michael James
5 Sep 15 08:43:21
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Paul Henry
5 Sep 15 08:41:47
Over 600% Gains For Subscribers In 2 Months! Sign Up To Platinum To Get Our Picks Early: http://t.co/m7w5IRG3jS $JST $PLUG $SB
Travis Thornberry
5 Sep 15 07:57:40
@XBRLStandard $plug thanks for posting two and a half year old data.
Reporting Standards
5 Sep 15 07:52:44
$plug PLUG POWER INC filed a new #XBRL report to the #SEC. http://t.co/Dd3cPs0TeF
Norma Dowman
5 Sep 15 06:18:05
RT @fintechna: RT Sentiquant: #sentishiftdown $NUGT $GOLD $DNR $GPRO $HP $AMBA $GDX $TLT $PLUG $AMZN #sentiquant #FinTech 20150902 15:00:05…
Capital Market Labs
5 Sep 15 05:13:00
$PLUG Poor fundamental rating http://t.co/EQNjrizdOF http://t.co/t83WEtjzdT
Russell Barbour
5 Sep 15 01:20:50
http://t.co/3EKVszAhsz Millionaire Trader made $53,680 profit on $PLUG $CCIH $NVGN $CNAT $CARV $DWTI
@Hydrogen2020
4 Sep 15 18:31:43
Apple envisions laptops that run for days without a recharge - CNET $Plug http://t.co/gl1YMzbNFU
WatchTheFunds
4 Sep 15 16:59:02
$PLUG Institutional ownership up 39.67% Q/Q, with 15,628,700 net purchase http://t.co/Dt9ytSFH2F http://t.co/OHOE8teNJ1
Stock_Huntress
4 Sep 15 14:31:27
http://t.co/aV04SGAiXY <-- In a few months this guy will likely be Super_trades 1st Millionaire student! $plug $LIVE $DRYS $ICLD
StockenheimerSchmidt
4 Sep 15 11:45:11
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $LPR $TGD $PLUG
Stockaholics
4 Sep 15 11:43:15
After Nearly 500% Gains In 2 Months On Stock Alerts, We Have A New Pick Ready! Check It Out: http://t.co/IXntHzty4u $LPR $TGD $PLUG
Penny Stockington
4 Sep 15 11:42:01
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlOSSFL $LPR $TGD $PLUG
Stock Dawgzz
4 Sep 15 11:41:13
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboRYYGu $LPR $TGD $PLUG
Jennifer Galperin
4 Sep 15 10:50:49
RT @DALangner: $PLUG so beat up I had to test the H2O. BTO JAN 17 2 CALL/PUT @ 0.33 credit. Thanks @biggercapital @slimshappy for all the…
David Langner
4 Sep 15 10:49:54
$PLUG so beat up I had to test the H2O. BTO JAN 17 2 CALL/PUT @ 0.33 credit. Thanks @biggercapital @slimshappy for all their work on this.
@Hydrogen2020
4 Sep 15 10:48:40
$PLUG we saw $2 to $12 in a month on Walmart PR, What will ""Flip the Switch"" for this turn around and WHEN?
Intrepid Trader
4 Sep 15 10:28:06
$PLUG sold for a .03c gain will check it next week, market bit weak here
Brian Conrad
4 Sep 15 10:26:03
@wind4me @donjb28 $plug operational efficiency gains are more significant in early stages. 5000 to 25k should be big.
Sweet Platform
4 Sep 15 10:22:32
PLUG Top news - Sep 4th, 2015 $PLUG http://t.co/IcByYHhHAZ
Miguel A. Ferreira
4 Sep 15 08:37:44
Bullish on $PLUG Long $PLUG, a break over 10 SMA on daily chart and it can get going.... http://t.co/NdeFirwL5R http://t.co/oPkZDbJqym
Ophir Gottlieb
4 Sep 15 07:53:15
$KNDI vs. $PLUG Head to Head http://t.co/y5DCtaPF7o http://t.co/x7pqga8Mb2
Steam Sports
4 Sep 15 07:27:15
Big $PLUG buyer.
stockschamp
4 Sep 15 07:20:45
Ranks #1 with over 80% in alert gains today. Click here http://t.co/8WvnrVmkBS .. $LPR $TGD $PLUG
@Hydrogen2020
4 Sep 15 07:06:18
$PLUG Dear Teal | Hydrogen 2020 http://t.co/BE3pvVEUR2
@Hydrogen2020
4 Sep 15 05:53:40
$PLUG Andy can let her RIP Sept 8-10th at Cowen Investment conference----will he announce anything??? Will a PR actually print next week????
David Collins
4 Sep 15 05:47:08
Commented on StockTwits: $FLUX CEO will be in #NYC next week for @SeeThruEquity Conf #Forklift Power Peers: $PLUG... http://t.co/GuBOWItgK8
Thad Wester
4 Sep 15 05:43:51
@biggercapital if $plug private. Raise @1bn value post money last yr. IPO in 3-5 yrs @ 2-3bn value. No roller coaster...
Stocksguru99
4 Sep 15 05:12:37
Ranks #1 with over 80% in alert gains today. Click here http://t.co/n4FmW1UTLN .. $JST $PLUG $SB
StockenheimerSchmidt
4 Sep 15 04:57:43
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $PFSW $PLUG $PLXT
Stockaholics
4 Sep 15 04:56:09
After Nearly 500% Gains In 2 Months On Stock Alerts, We Have A New Pick Ready! Check It Out: http://t.co/IXntHzty4u $PFSW $PLUG $PLXT
Stock Dawgzz
4 Sep 15 04:54:44
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboRYYGu $PFSW $PLUG $PLXT
Penny Stockington
4 Sep 15 04:54:37
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlPatxj $PFSW $PLUG $PLXT
StockenheimerSchmidt
4 Sep 15 04:47:51
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $JST $PLUG $SB
Stockaholics
4 Sep 15 04:46:18
After Nearly 500% Gains In 2 Months On Stock Alerts, We Have A New Pick Ready! Check It Out: http://t.co/IXntHzty4u $JST $PLUG $SB
Stock Dawgzz
4 Sep 15 04:44:54
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboRYYGu $JST $PLUG $SB
Penny Stockington
4 Sep 15 04:44:47
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlOSSFL $JST $PLUG $SB
Binary Signals
4 Sep 15 04:31:51
RT @RJB_trading2: http://t.co/3EKVszAhsz Millionaire Traders made $53,680 on $PLUG $CCIH $NVGN $CNAT $CARV $DWTI
Russell Barbour
4 Sep 15 04:21:03
http://t.co/3EKVszAhsz Millionaire Traders made $53,680 on $PLUG $CCIH $NVGN $CNAT $CARV $DWTI
StockNewsWires
4 Sep 15 00:07:03
$PLUG: Plug Power, Inc. Price Target Update: http://t.co/Ri9c5zXBB0
Capital Market Labs
3 Sep 15 23:12:59
$PLUG Poor fundamental rating http://t.co/EQNjrizdOF http://t.co/FpPfbE1LVF
Paul Henry
3 Sep 15 22:04:19
Over 600% Gains For Subscribers In 2 Months! Sign Up To Platinum To Get Our Picks Early: http://t.co/m7w5IRXEIs $JST $PLUG $SB
@Hydrogen2020
3 Sep 15 19:02:30
RT @Dr_NathanBrown_: @wind4me @biggercapital Anybody know any other stock that trades 1.7X 2015 revenue excl cash and growing 50%+ in last …
@Hydrogen2020
3 Sep 15 18:11:48
$PLUG Catalysts that could #IMPACT -----HomeDepot, Nike, Target, UrbanO, EUROPE, VW Anchor---Open the PRESS RELEASE Playbook
Nathan
3 Sep 15 17:59:04
@wind4me @biggercapital Anybody know any other stock that trades 1.7X 2015 revenue excl cash and growing 50%+ in last 2 years except $PLUG?
Wall Street
3 Sep 15 17:15:47
http://t.co/J58EN2ZaNJ IN PLAY: $PLUG $GDET $MHR $FREE $HPTG $BRGO $CIG $GGB $BHRT $CJES $CC $PDS $HIMX $MBI $RBY http://t.co/MaGxuEWyzD
Cramerican Mark
3 Sep 15 16:27:35
$PLUG insiders know where this company is headed - to the top! https://t.co/xlVvKWdPzB
@Hydrogen2020
3 Sep 15 15:19:38
The 3 Key Numbers Plug Power Investors Must Know (PLUG) $PLUG http://t.co/ZG3Mns9IRO
				
				
  +Follow January 9, 2014 11:39AM
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