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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
Stockaholics
6 May 15 01:38:52
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $PFSW $PLUG $PLXT
Stockaholics
6 May 15 01:37:25
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $LPR $TGD $PLUG
Stock Rocket
6 May 15 01:13:11
Our Penny Stock Alerts Gained Over 3100% In 6 months! See Our New Pick: http://t.co/caGJoAfhI6 $PFSW $PLUG $PLXT
Penny Stockington
6 May 15 00:57:14
Our Penny Stock Newsletter Alerts Have Been Seeing Serious Growth! See Our New Picks: http://t.co/BJjfIBeoAp $PFSW $PLUG $PLXT
StockenheimerSchmidt
6 May 15 00:50:19
Our Stock Pick On $THCZ Is Up 638.15% For Our Subscribers! Get Our Next Pick Early: http://t.co/Cx5Q5l0St8 $LPR $TGD $PLUG
Stock Dawgzz
6 May 15 00:39:14
Our Stock Picks Have Been Seeing MASSIVE Gains This Year! Special Update: http://t.co/rq5jT834jk $LPR $TGD $PLUG
Stock Rocket
6 May 15 00:34:52
Our Penny Stock Alerts Gained Over 3100% In 6 months! See Our New Pick: http://t.co/caGJoAfhI6 $JST $PLUG $SB
Stockaholics
6 May 15 00:27:19
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $JST $PLUG $SB
Stock Dawgzz
6 May 15 00:17:54
Our Stock Picks Have Been Seeing MASSIVE Gains This Year! Special Update: http://t.co/rq5jT834jk $PFSW $PLUG $PLXT
StockenheimerSchmidt
5 May 15 23:55:46
Our Stock Pick On $THCZ Is Up 638.15% For Our Subscribers! Get Our Next Pick Early: http://t.co/Cx5Q5l0St8 $JST $PLUG $SB
Stock_Huntress
5 May 15 22:55:10
http://t.co/glOtmkIm0r <-- In a few months this guy will likely be Super_trades 1st Millionaire student! $plug $LIVE $DRYS $ICLD
Roudy Dee DahMan
5 May 15 21:51:54
RT @MarkyMarkTrades: http://t.co/U0VrKniSqB = Best stock pick site ever. Love it! Related: $LSCC $PMCB $REXX $ALGA $PLUG $FCEL $M…
Stock Rocket
5 May 15 21:14:31
Our Penny Stock Alerts Gained Over 3100% In 6 months! See Our New Pick: http://t.co/caGJoAfhI6 $LPR $TGD $PLUG
Penny Stockington
5 May 15 21:08:17
Our Penny Stock Newsletter Alerts Have Been Seeing Serious Growth! See Our New Picks: http://t.co/BJjfIBeoAp $LPR $TGD $PLUG
Penny Stockington
5 May 15 20:41:18
Our Penny Stock Newsletter Alerts Have Been Seeing Serious Growth! See Our New Picks: http://t.co/BJjfIBeoAp $PFSW $PLUG $PLXT
Stockaholics
5 May 15 20:23:29
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $JST $PLUG $SB
slick
5 May 15 20:10:29
$AXPW getting closer to the 50MA. Imminent breakout if touches $0.05 $Plug $dgly $rgse http://t.co/EmdXZFUSDJ
Stock Rocket
5 May 15 19:57:04
Our Penny Stock Alerts Gained Over 3100% In 6 months! See Our New Pick: http://t.co/caGJoAfhI6 $JST $PLUG $SB
Stock Dawgzz
5 May 15 19:39:37
Our Stock Picks Have Been Seeing MASSIVE Gains This Year! Special Update: http://t.co/rq5jT834jk $PFSW $PLUG $PLXT
LF
5 May 15 19:15:30
@RagingCapital hey...you gonna give me a clue wtf your thinking @PlugPowerInc. $plug
《Halo & Horns》
5 May 15 18:08:26
RT @AlbanyBizReview: $PLUG is taking its show on the road — with executives making a six-city tour to meet with shareholders: http://t.co/P…
@Boulder2DIA
5 May 15 18:07:32
$PLUG Power goes on tour: Top executives will meet with shareholders in New York City, Dallas, Chicago, San Francisco http://t.co/C9pZh2Vn04
《Halo & Horns》
5 May 15 18:07:24
RT @tbwester: @biggercapital new guy for $plug speaking. "Plug exceeding grid parity". Key metric to rapid adoption of new tech.
@Boulder2DIA
5 May 15 18:04:28
RT @AlbBizResearch: $PLUG is taking its show on the road — with executives making a six-city tour to meet with shareholders: http://t.co/Q8…
@Boulder2DIA
5 May 15 18:04:20
RT @AlbanyBizReview: $PLUG is taking its show on the road — with executives making a six-city tour to meet with shareholders: http://t.co/P…
@Boulder2DIA
5 May 15 18:02:45
@AlbBizChelsea did you listen to CFO today??? $PLUG ""Plug exceeding Grid Parity"""
@Boulder2DIA
5 May 15 18:01:27
RT @AlbBizChelsea: $PLUG is taking its show on the road - with executives making a six-city tour to meet with shareholders: http://t.co/Ckz…
@Boulder2DIA
5 May 15 17:59:55
RT @tbwester: @biggercapital new guy for $plug speaking. "Plug exceeding grid parity". Key metric to rapid adoption of new tech.
Nica Trades
5 May 15 17:53:59
Youtube video is up! $PBTI review , ideas for Wed $TWTR $PLUG $LNKD $SYMX $NVAX and an invitation http://t.co/pdDipEqsnv
Mark Trader
5 May 15 17:52:30
http://t.co/U0VrKniSqB = Best stock pick site ever. Love it! Related: $LSCC $PMCB $REXX $ALGA $PLUG $FCEL $MDR
Mark Trader
5 May 15 16:55:39
Interesting new type of penny stock website reviewed at http://t.co/MMUEMgJlkv. Related: $LOGG $BVAP $MPO $PPHM $PLUG $AGTK $GTE
Mark Trader
5 May 15 16:41:35
Cool trading site I just found. https://t.co/T2poBg5XNW $PLUG $ACI DRYS $ALU $GALE $HOV $CPST $GERN $HL
Chelsea Diana
5 May 15 16:34:01
$PLUG is taking its show on the road - with executives making a six-city tour to meet with shareholders: http://t.co/CkzoXSCYVs
Nica Trades
5 May 15 16:33:03
Trade review $PTBI and Trades for Wed $SYMX $TWTR $PLUG $NVAX $LNKD http://t.co/U4FOWhM78x
Dave
5 May 15 16:11:08
http://t.co/L46QQZtU0M alerted over 10,000% in gains last month. Wowser. $PLUG $AMCN $SQNM $CRK $IDRA $RGSE $BCLI $NIHDQ $ONVO
Stock Rocket
5 May 15 15:42:35
Our Penny Stock Alerts Gained Over 3100% In 6 months! See Our New Pick: http://t.co/caGJoAfhI6 $PFSW $PLUG $PLXT
Stock Dawgzz
5 May 15 14:56:32
Our Stock Picks Have Been Seeing MASSIVE Gains This Year! Special Update: http://t.co/rq5jT834jk $JST $PLUG $SB
Stockaholics
5 May 15 14:41:57
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $LPR $TGD $PLUG
Stock Dawgzz
5 May 15 14:16:45
Our Stock Picks Have Been Seeing MASSIVE Gains This Year! Special Update: http://t.co/rq5jT834jk $LPR $TGD $PLUG
Penny Stockington
5 May 15 14:13:55
Our Penny Stock Newsletter Alerts Have Been Seeing Serious Growth! See Our New Picks: http://t.co/BJjfIBeoAp $JST $PLUG $SB
Stockaholics
5 May 15 14:10:52
Our Penny Stock Pick On $PPCH Closed Up Another 51.31% Today! Huge News: http://t.co/RIr7o5Qsbk $PFSW $PLUG $PLXT
@Boulder2DIA
5 May 15 13:41:32
$PLUG All your Walmarts belong to us.... $Plug and Walmart in bed http://t.co/F6cNtbJBIk
@Boulder2DIA
5 May 15 13:33:07
$Plug big units going out http://t.co/KDrBsX0lFL
John Siracusa
5 May 15 12:59:04
RT @Eternity100000: oh shoot. $PBYI earnings .... ALSO on MONDAY, May 11th ?? great $PLUG $PBYI $UNXL oh oh
Eternity101
5 May 15 12:58:50
oh shoot. $PBYI earnings .... ALSO on MONDAY, May 11th ?? great $PLUG $PBYI $UNXL oh oh
Eternity101
5 May 15 12:55:26
$PLUG .. ALSO reports on MONDAY, May 11th ...and the volume today ? almost DOUBLE its norm. hmmm
Mark Trader
5 May 15 12:54:29
Interesting new type of penny stock website reviewed at http://t.co/MMUEMgJlkv. Related: $LOGG $BVAP $MPO $PPHM $PLUG $AGTK $GTE
Thad Wester
5 May 15 12:43:36
@biggercapital new guy for $plug speaking. "Plug exceeding grid parity". Key metric to rapid adoption of new tech.
Jerry Sisitsky
5 May 15 12:30:01
RT @BairdConference: @gopro $GPRO, @Stericycle_Inc $SRCL, @ConstantContact $CTCT, and @PlugPowerInc $PLUG presentations starting now. #RWBG…
Baird Conferences
5 May 15 12:25:10
@gopro $GPRO, @Stericycle_Inc $SRCL, @ConstantContact $CTCT, and @PlugPowerInc $PLUG presentations starting now. #RWBGrwothStock
				
				
  +Follow January 9, 2014 11:39AM
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