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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for PLUG
Stock_Huntress
4 Aug 15 10:29:46
http://t.co/aV04SGRUmy <-- In a few months this guy will likely be Super_trades 1st Millionaire student! $plug $LIVE $DRYS $ICLD
Bidness Etc
4 Aug 15 10:26:54
Plug Power Issues 7.89 Million Shares: Stock Down 3% http://t.co/qzUA5IvFsk $PLUG http://t.co/Qd5DFREh3R
Travis Thornberry
4 Aug 15 10:22:51
$plug https://t.co/SnkyyXp3LQ
Miguel A. Ferreira
4 Aug 15 10:21:56
$PLUG keeps getting picked off @ $2.68, like the action
BakuTraders
4 Aug 15 10:16:19
RT @InvestorsLive: $PLUG gearing towards red/green ... $RGSE $RJET if momentum fizzles can be a long way down
@MikeDallas
4 Aug 15 09:56:21
$Plug if you doubt $NKE is a customer...... @wind4me @StockSherlock http://t.co/StJUOpTPy1
WatchTheFunds
4 Aug 15 09:45:02
$PLUG Institutional ownership up 39.68% Q/Q, with 15,628,700 net purchase http://t.co/Dt9ytSFH2F http://t.co/dV9ewLkJ7P
@MikeDallas
4 Aug 15 09:40:51
$PLUG Let's not forget where we were just two weeks ago. @wind4me @StockSherlock http://t.co/FoLHOCd3k0
@Boulder2DIA
4 Aug 15 09:32:58
RT @Mikie_Dallas: $PLUG without a doubt we did. https://t.co/fxBWF5l81f
@Boulder2DIA
4 Aug 15 09:32:49
RT @Eternity100000: all i care about right now is my $BABA $PYPL $WYNN ...til Sep 18 ..and $PLUG til this week (lotto)
Nathan Michaud
4 Aug 15 09:29:20
$PLUG was too patient - set up a few times for red/green but failed ended up taking it off -.04
Eternity101
4 Aug 15 09:17:55
all i care about right now is my $BABA $PYPL $WYNN ...til Sep 18 ..and $PLUG til this week (lotto)
Penny Stockington
4 Aug 15 09:10:23
Our Stock Pick On $GEQU Nearly QUADRUPLED In Value In Less Than 2 Weeks! Special Update: http://t.co/9b1cAxuBRB $LPR $TGD $PLUG
StockenheimerSchmidt
4 Aug 15 09:10:15
Huge Moves On Our Penny Stock Picks Lately! Big New Pick Tomorrow: http://t.co/bBikX3mLwD $LPR $TGD $PLUG
Adam Singer
4 Aug 15 08:57:42
@blueeyedbuddha @mwiegand $PLUG should work with, say $TSLA and they can build fuel cell hypersonic planes. A boy can dream.
Omar
4 Aug 15 08:55:10
Ditched $PLUG, no follow thru
Stocks Pastor
4 Aug 15 08:44:17
$PLUG, $AVP,. $VIP
Berliner
4 Aug 15 08:38:02
RT @biggercapital: $PLUG https://t.co/t3Nzo8GHXR
Berliner
4 Aug 15 08:37:58
RT @ckz8780: $fit $wbai $fold $shak $srne $plug $abeo $cyni some ideas for tomorrow. Favs prob $fit, then $fold, then $plug
Paul Henry
4 Aug 15 08:35:36
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Check Out Today's New Pick: http://t.co/t0r9UuegVH $PFSW $PLUG $PLXT
Berliner
4 Aug 15 08:35:24
RT @FonsieTrader: $PLUG Bouncing
Berliner
4 Aug 15 08:35:11
RT @InvestorsLive: $PLUG nearing red/green here - great trend risk $2.70s still
Hedda Atcheson
4 Aug 15 08:34:47
RT @1dutch2310T: Plug Power acquires full control of HyPulsion http://t.co/133App9wCU $PLUG
Paul Henry
4 Aug 15 08:33:24
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Check Out Today's New Pick: http://t.co/t0r9UuegVH $JST $PLUG $SB
Michael Cook
4 Aug 15 08:32:45
Our Stock Alerts Gained Over 550% In 5 Weeks! See Our MASSIVE New Pick Coming Today: http://t.co/fGwKBvGfsd $PFSW $PLUG $PLXT
Michael James
4 Aug 15 08:31:31
After A Powerful 525% Gain On $GEQU, We Have A New Pick! Major News: http://t.co/oqwhLnQZ1q $PFSW $PLUG $PLXT
Michael Cook
4 Aug 15 08:30:32
Our Stock Alerts Gained Over 550% In 5 Weeks! See Our MASSIVE New Pick Coming Today: http://t.co/fGwKBvGfsd $JST $PLUG $SB
Michael James
4 Aug 15 08:29:20
After A Powerful 525% Gain On $GEQU, We Have A New Pick! Major News: http://t.co/oqwhLnQZ1q $JST $PLUG $SB
Sweet Platform
4 Aug 15 08:24:44
PLUG Top news - Aug 4th, 2015 $PLUG http://t.co/V2fB0ffhmQ
Stocks News&Markets
4 Aug 15 08:20:07
Nate made $2,378 on $PLUG -Check it out! http://t.co/2Roskmli2E Learn #howtotrade http://t.co/axK8SMSgo9 $IPCM $ONP $GBIM $TREE $VTG
@Boulder2DIA
4 Aug 15 08:05:32
http://t.co/B9QyU01984 $Plug Europe
TimothySykesStudents
4 Aug 15 08:02:37
10:58AM TimAlerts digitalbrass: $PLUG in 2.44 out 2.76 +$470 $RGSE in 1.85 out 2 +$136 - Today's profit: $606.10 http://t.co/GmnsSKgpkr $AF
Bryan Dilbeck
4 Aug 15 07:58:59
$PLUG #stocks is a good buy @StockTwits @WTexasInvestors @invest_canada @StockMarketNews @stockmarkethint @smw_network
Vetr Ratings
4 Aug 15 07:50:49
Vetr users have downgraded Plug Power, Inc. to a BUY Rating (3.5 stars), giving $PLUG a target price of $3.02 http://t.co/SvZ0kplNJe
Bill Mc
4 Aug 15 07:49:02
$PLUG inching up. Might be ready to go green again soon.
FonsieTrader
4 Aug 15 07:48:28
RT @InvestorsLive: $PLUG nearing red/green here - great trend risk $2.70s still
Nathan Michaud
4 Aug 15 07:48:18
$PLUG nearing red/green here - great trend risk $2.70s still
FonsieTrader
4 Aug 15 07:47:21
$PLUG Bouncing
Stock Dawgzz
4 Aug 15 07:45:28
Our Members Saw Their Stock Picks Gain Over 550% In 5 Weeks! See The Major New Pick For Tomorrow: http://t.co/PkGNRn0h2P $PFSW $PLUG $PLXT
Stock Dawgzz
4 Aug 15 07:43:03
Our Members Saw Their Stock Picks Gain Over 550% In 5 Weeks! See The Major New Pick For Tomorrow: http://t.co/PkGNRn0h2P $JST $PLUG $SB
Penny Stockington
4 Aug 15 07:40:37
Our Stock Pick On $GEQU Nearly QUADRUPLED In Value In Less Than 2 Weeks! Special Update: http://t.co/9b1cAxd103 $PFSW $PLUG $PLXT
StockenheimerSchmidt
4 Aug 15 07:40:25
Huge Moves On Our Penny Stock Picks Lately! Big New Pick Tomorrow: http://t.co/bBikX3mLwD $PFSW $PLUG $PLXT
US_proptrader
4 Aug 15 07:40:12
$DENN $EIGI $ISIS $MBI $PLUG $PVA $QEP $TASR $VRTX autocharts @ http://t.co/f6cpQoVS67
AaronX
4 Aug 15 07:39:47
Stocks to watch 8/4/15 $RGSE $PLUG $GEVO
Penny Stockington
4 Aug 15 07:38:27
Our Stock Pick On $GEQU Nearly QUADRUPLED In Value In Less Than 2 Weeks! Special Update: http://t.co/9b1cAxd103 $JST $PLUG $SB
StockenheimerSchmidt
4 Aug 15 07:38:20
Huge Moves On Our Penny Stock Picks Lately! Big New Pick Tomorrow: http://t.co/bBikX3EmVd $JST $PLUG $SB
Stockaholics
4 Aug 15 07:37:29
Platinum Subscribers Saw Our Picks Gain 4,000% In 10 Months! Subscribe Today: http://t.co/VPf7gjyGwm $PFSW $PLUG $PLXT
Stock Rocket
4 Aug 15 07:36:50
Our Penny Stock Alerts Gained 550% In Less Than 6 Weeks! Check Out Our New Plan: http://t.co/BkSWN03fLB $PFSW $PLUG $PLXT
Stockaholics
4 Aug 15 07:35:18
Platinum Subscribers Saw Our Picks Gain 4,000% In 10 Months! Subscribe Today: http://t.co/VPf7gjyGwm $JST $PLUG $SB
Roger Clinton
4 Aug 15 07:34:46
RT @InvestorWisdom: $FNJN lookin good here #cybersecurity $HACK $FEYE $FB $GPRO $TSLA $MBLY $CMG $ZU $BOX $NFLX $FIT $Z $GPRO $CYBR $CIBR $…
				
				
  +Follow January 9, 2014 11:39AM
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