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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
takethisbet
30 Sep 14 01:54:05
@slimshappy score of $123.14! $PLUG 8b6f9 #takethisbet http://t.co/FOP3hHKSj8
TradeSmart
30 Sep 14 01:45:21
$NSEH, $MHYS, $PROW, $TBEV, $GTRQ, $PLUG, $VPOR = Lambo Plays Took $NSEH $MHYS $PROW $TBEV $GTRQ $PLUG $VPOR $GPRO http://t.co/y9kcAhiu3O
TradeSmart
30 Sep 14 01:42:02
$NSEH, $MHYS, $PROW, $TBEV, $GTRQ, $PLUG, $VPOR = Lambo Plays
Michael Bigger
30 Sep 14 01:28:19
RT @AltamashJvd: “@SeekingAlpha: Why Plug Power Is Cheap Even At $10 Per Share http://t.co/d8GNBG13My $PLUG” best article from @SeekingAlph…
Altamash Javed
30 Sep 14 00:51:59
Umm Andy its the last day of September. You told me we would be at 115-120m bookings now. Lets hear it. $PLUG @PlugPowerInc
Indst Machinery Feed
30 Sep 14 00:51:04
Plug Power Sees Large Growth in Short Interest (PLUG) $plug http://t.co/jpBuR2wtRX http://t.co/Vye0KWOVH4
Ticker Report
30 Sep 14 00:50:59
Plug Power Sees Large Growth in Short Interest $PLUG http://t.co/LyqbspEETS
Indst Machinery Feed
30 Sep 14 00:13:57
Plug Power Sees Significant Growth in Short Interest (PLUG) $plug http://t.co/XKnQU2bckn http://t.co/iQr7rA6gjI
WKRB News
30 Sep 14 00:13:50
Plug Power Sees Significant Growth in Short Interest $PLUG http://t.co/XcJCPDfO0z
US Banking News
30 Sep 14 00:09:27
Plug Power Sees Significant Growth in Short Interest $PLUG http://t.co/2eDfbniT1p
Stockaholics
29 Sep 14 23:53:40
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $PFSW $PLUG $PLXT
Stockaholics
29 Sep 14 23:52:13
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $JST $PLUG $SB
الشمال الحقيقي
29 Sep 14 22:57:32
RT @SeekingAlpha: Why Plug Power Is Cheap Even At $10 Per Share http://t.co/6z2t4oQL2Y $PLUG
Altamash Javed
29 Sep 14 22:35:10
If I start telling people what my price target is for $PLUG 99% would say I am crazy.
Altamash Javed
29 Sep 14 22:31:30
“@SeekingAlpha: Why Plug Power Is Cheap Even At $10 Per Share http://t.co/d8GNBG13My $PLUG” best article from @SeekingAlpha to date. $PLUG
Evener Investment
29 Sep 14 22:13:47
RT @SeekingAlpha: Why Plug Power Is Cheap Even At $10 Per Share http://t.co/6z2t4oQL2Y $PLUG
Seeking Alpha
29 Sep 14 22:08:24
Why Plug Power Is Cheap Even At $10 Per Share http://t.co/6z2t4oQL2Y $PLUG
Stocks News&Markets
29 Sep 14 22:00:00
Nate Michaud made $3,001 on $PLUG -Check it out! http://t.co/ZG8wnfDg61 Learn #howtotrade http://t.co/axK8SMSgo9 $FB $SPY $stocks
Eternity101
29 Sep 14 21:19:27
$PLUG -- "Market Pulse`aka StockTwits - http://t.co/pYZuCD0fNa -- also Yahoo Message boards + others from: http://t.co/potSSDKMGA
Stockaholics
29 Sep 14 20:50:40
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $LPR $TGD $PLUG
Stocks News&Markets
29 Sep 14 20:39:58
Nate Michaud made $1,927 on $PLUG -Check it out! http://t.co/G2caG2EgsU Learn #howtotrade http://t.co/axK8SMSgo9 $FB $SPY $stocks
Ish Capital ™
29 Sep 14 20:35:39
Am I crazy for going LONG $PLUG at $4.43?/
Eternity101
29 Sep 14 20:00:20
$BABA methinks will trade in this range for a couple of days/so ... ...better plays are: $BIDU $GPRO $AMZN ...and even $PLUG
Stockaholics
29 Sep 14 19:57:22
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $PFSW $PLUG $PLXT
Stockaholics
29 Sep 14 19:56:08
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $JST $PLUG $SB
Eternity101
29 Sep 14 19:49:09
$PLUG ah -up ...bodes well for the coming days ..for THE news http://t.co/GQDUTeKalg $BABA no price increase $PCLN meh $GPRO interesting
Stoxline Investing
29 Sep 14 18:52:39
Top Buy Stocks for Sept.30: $ATHL, $CSCO, $IRM, $MU, $PLUG http://t.co/dL5kPiKLf9
Nassar Investing
29 Sep 14 18:38:00
BUY: $PLUG
TV_Trading Ideas
29 Sep 14 18:37:29
Percent Volume Oscillator(by ucsgears) $PLUG http://t.co/q1zmPnYYjp
OTPicks.com
29 Sep 14 17:20:25
http://t.co/hjgLwIcNgz DennyT: GILD Bloomberg $GILD $PLUG $X $AEM $BABA Opinion: DennyT http://t.co/5bAfwr9WyV http://t.co/hjgLwIcNgz
OTPicks.com
29 Sep 14 17:20:23
http://t.co/QkCFZ8H3V8 DennyT: GILD Bloomberg $GILD $PLUG $X $AEM $BABA Opinion: DennyT http://t.co/fRi5RqsCqT http://t.co/QkCFZ8H3V8
Jim U'Ren
29 Sep 14 16:06:19
$PLUG Can we gap up through resistance please!?
Stockaholics
29 Sep 14 15:47:49
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $LPR $TGD $PLUG
Dalton Castine
29 Sep 14 15:47:13
I've got double invested in $TKMR and $PLUG than I have in my savings... #riskayyy
Dalton Castine
29 Sep 14 15:44:34
Stick and stay $PLUG will pay. #fuelcells #revenuegrowth
Koren Marinberg
29 Sep 14 15:05:09
@JoshAnswers @MrTrianaWHS does it have potential? and where do u see $PLUG going?
Stockaholics
29 Sep 14 14:56:13
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/LcBxWgdLUh $PFSW $PLUG $PLXT
Jon Vince
29 Sep 14 14:55:55
$PLUG looking like a good ovrnght hold into what looks like a weak open tmrow. Wud hold until a mrkt bounce later in the day.
Stockaholics
29 Sep 14 14:55:01
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/LcBxWgdLUh $JST $PLUG $SB
Koren Marinberg
29 Sep 14 14:43:54
@JoshAnswers @MrTrianaWHS What do you think about $SFS and $PLUG???
TradeSmart
29 Sep 14 14:40:18
$NSEH, $MHYS, $PROW, $TBEV, $GPRO, $PLUG $VPOR = Get em while you STILL can! Some of these havent moved legs yet!!! 1st 2 STILL got legs!!
Dan
29 Sep 14 14:38:09
$PLUG OI for maturity 10/03/2014. 4.00 Highest put. 4.50 Highest call. http://t.co/Vm9021bf6i
Dan
29 Sep 14 14:29:57
$PLUG Max Pain is 4.00 for maturity 10/03/2014. Last close = 4.47. http://t.co/8OuwoQvJvn
   $TOCK$
29 Sep 14 14:19:44
RT @CGFocusList: $FLUX Power reports solid progress building Nat'l act. traction for its innovative lithium #forklift batteries http://t.co…
Beak Snot
29 Sep 14 14:01:56
Auto Industry Recognizes Value of Hydrogen Fuel Cells http://t.co/xZ9ROZXIVy $PLUG
CG Focus List
29 Sep 14 13:52:48
$FLUX Power reports solid progress building Nat'l act. traction for its innovative lithium #forklift batteries http://t.co/tOWldGwN0J $PLUG
Flux Power Holdings
29 Sep 14 13:44:23
Flux Power Q4 results & progress w/ National Accounts - CEO Webcast https://t.co/Kv9eqALLSS $FLUX $PLUG #forklift
Jim U'Ren
29 Sep 14 13:42:42
$PLUG Plug it in, time for acoustic is over!
TradeSmart
29 Sep 14 13:40:50
RT! $NSEH, $MHYS, $VPOR, $PROW, $GPRO, $PLUG = $$$$
Jim U'Ren
29 Sep 14 13:37:59
$PLUG Think $5 will be here in short order, imagine if the overall market cooperates tomorrow?! ;)
				
				
  +Follow January 9, 2014 11:39AM
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