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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.

Results for PLUG
Momentum21
17 Apr 14 22:28:41
RT @TurdTrader: $PLUG, with such a GREAT FUTURE UPSIDE, can't afford a trade show booth larger than 8ft? #flushthatturd http://t.co/POsjjWU…
Altamash Javed
17 Apr 14 22:08:08
RT @biggercapital: @howardlindzon @scheplick $PLUG is a productivity company not a cleantech play
Doc Holiday
17 Apr 14 22:00:53
RT @biggercapital: @howardlindzon @scheplick $PLUG is a productivity company not a cleantech play
Hereitfirst
17 Apr 14 21:14:57
$PLUG Technical analysis on PLUG why it will be at 10$ by next week http://t.co/G2Gy5bYIqQ @CortesAnalysis
Plug in Guru
17 Apr 14 20:30:33
RT @psychsignal: 43.0% decreased bullish conversations in $PLUG in the past 3 hours.
PsychSignal
17 Apr 14 20:02:19
43.0% decreased bullish conversations in $PLUG in the past 3 hours.
Doc Holiday
17 Apr 14 19:56:17
RT @RaffiSosikian: $PLUG shorts don't give in, don't cover, hold your ground! Here's some inspiration from William Wallace http://t.co/vlHb…
Charles Moscoe
17 Apr 14 19:46:41
@ilbyorhuklebery @CreativeArtists @BDDn321 What does $AMZN have to do with $PLUG. You pumpers are hysterical.
Charles Moscoe
17 Apr 14 19:45:13
@tuntunthan @CreativeArtists @BDDn321 Are you being sarcastic? ZACKS? Well researched? $PLUG
TradingView
17 Apr 14 19:44:49
$PLUG chart by JXMFinancial: http://t.co/QxFYoMMUB4 APEX.
Robert Newman
17 Apr 14 19:19:16
RT @AGORACOM: Neah Power Leads Fuel Cell Stocks Again Today. Learn About $NPWZ In This 5 Min Webcast http://t.co/rrNLGQmS12 $PLUG http://t…
Robert Newman
17 Apr 14 19:18:57
RT @AGORACOM: Neah Power $NPWZ is absolutely blowing away Fuel Cell sector $FCEL $PLUG $BLDP http://t.co/yTzKlkLuqy
Stockaholics
17 Apr 14 19:03:03
Over 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $PFSW $PLUG $PLXT
Stockaholics
17 Apr 14 19:01:30
Over 5,000% gains on Penny Stock Alert's in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $JST $PLUG $SB
Edward Gofsky
17 Apr 14 18:35:51
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
Jake Huska
17 Apr 14 18:23:19
"@alphatrends: VIDEO http://t.co/tN8dVG3CFu Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF" $STUDY $$
Charles Moscoe
17 Apr 14 18:17:06
@CreativeArtists @BDDn321 Anything can happen short term with trading volatility, but $PLUG is still worth less than $1 on paper.
Michael Samhan
17 Apr 14 18:00:21
Commented on StockTwits: best reason ive heard yet to pay attention to $PLUG http://t.co/niAz03RrUE
Ryan Detrick, CMT
17 Apr 14 17:54:23
@alphatrends Great stuff as usual, Brian. With you on $PLUG. We did some June calls this PM.
Stock Occulus
17 Apr 14 17:50:20
$PLUG 5 Stocks Under $10 Read http://t.co/1VXuu4EtJA
Charles Moscoe
17 Apr 14 17:29:36
@BDDn321 $PLUG is one of the best shorts in the market for the not so faint hearted. Worth under $1.
TheREALBDD
17 Apr 14 17:27:49
@charlesmoscoe what are your thoughts on $plug?
Mag Wilde
17 Apr 14 17:15:23
$FCEL $PLUG interesting possible longs for next week if they break out of ranges.
StockBuzzer.com
17 Apr 14 17:09:11
damondon: Thinking of selling half and buying $plug http://t.co/BmAoXWtFVX
TradersTopNews
17 Apr 14 16:42:10
$PLUG Plug Power Inc News-Driven Rise Makes It Volatile http://t.co/9C5fgA4mvD
Michael
17 Apr 14 16:41:15
$PLUG: BLDP, the Dark Horse
Gene Hobbs
17 Apr 14 16:41:01
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
colsdaddy
17 Apr 14 16:31:23
RT $PLUG love that amertitrade bell on my computer at 4:00 feels like the end if an epic fight.
TradersTopNews
17 Apr 14 16:26:05
$PLUG Yahoo! Inc (YHOO) and Plug Power Inc. (PLUG) A perfect Investment Pair with ... http://t.co/VE2Crk9yFc
Michael Bigger
17 Apr 14 16:12:55
RT @TheSaidi: @biggercapital Yes. "Cleantech" good for gov't grants + moral victories. But value prop of $PLUG is in driving efficiency + R…
PsychSignal
17 Apr 14 16:02:16
66.0% decreased bullish conversations in $PLUG in the past 3 hours.
Krystian_v
17 Apr 14 15:50:08
RT @Daytradersavant: $PLUG Monday will be fun! http://t.co/f208O09xB3
Daytradersavant
17 Apr 14 15:47:21
$PLUG Monday will be fun! http://t.co/f208O09xB3
Ryan Detrick, CMT
17 Apr 14 15:27:30
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
TheSaidi
17 Apr 14 15:06:03
@biggercapital Yes. "Cleantech" good for gov't grants + moral victories. But value prop of $PLUG is in driving efficiency + ROI for users.
Stockaholics
17 Apr 14 15:00:05
Subscribers saw a 2,100% gain on Penny Stocks, in 1 month! Subscribe here: http://t.co/GoDY51A8tq $PFSW $PLUG $PLXT
Scott Smith
17 Apr 14 14:59:42
Setups that worked well for us today that we'll be watching next week. $NEON $BWP $TWTR $DANG $PLUG http://t.co/QquKfOLNec
Evener Investment
17 Apr 14 14:56:47
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
PairofdiceBird
17 Apr 14 14:49:56
@biggercapital @howardlindzon @scheplick Well said, MB. $PLUG
Darren Miller, Ph.D.
17 Apr 14 14:40:12
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
SMURFVA
17 Apr 14 14:26:06
@stocksIbuy $PLUG two key numbers for me..$7.40 & $8.23 (True breakout from double resistance)
steven spencer
17 Apr 14 14:26:02
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
Frosty Balboa
17 Apr 14 14:25:30
Ceres Power to Add to Fuel-Cell Alliances in U.S., Japan, Korea http://t.co/a6QGAQg4sZ via @BloombergNews $PLUG $FCEL $BLDP
Anderson
17 Apr 14 14:24:46
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
Kol Remx
17 Apr 14 14:23:18
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
Fredrick
17 Apr 14 14:22:38
RT @alphatrends: VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
Brian Shannon
17 Apr 14 14:22:15
VIDEO http://t.co/bdGojkGaVs Stock Market Analysis for Week Ending 4/17/14 $SPY $QQQ $C $CMG $PLUG $GLNG $IWM $XLF
SMURFVA
17 Apr 14 14:16:51
@VexTrades @yungmoneypro $PLUG more meaty reward. The whole Fuel Cell Sector is good IMO. I would hold both $FCEL & $PLUG. $BIOF
Will
17 Apr 14 14:09:46
@VexTrades @Smurf_VA just playing $PLUG for the Monday bounce. FCell might pop up too but I wouldn't expect what Plug is capable of.
				
				
  +Follow January 9, 2014 11:39AM
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