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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
Colin Macleod
22 Oct 14 16:52:43
6 nice looking Death Cross Patterns worth watching this week http://t.co/JAXR8ltzvv $PLUG $F $EOG $CNQ $CVE $MTOR
Stock Relay
22 Oct 14 16:28:22
$AXP Market Cap Click Here: http://t.co/KtPwjozRWe Also See: $PLUG $JNUG $T $TBT ~
nasdaqfan
22 Oct 14 16:04:47
$ERBB % Change Click Here: http://t.co/mdqqsFAHwW Also See: $SCTY $YELP $WDAY $PLUG ~
Stock Relay
22 Oct 14 15:28:14
$AMBA Quotes Click Here: http://t.co/r359zP0HUn Also See: $PLUG $GILD $NUGT $SLTD ~
Analyst Ratings
22 Oct 14 15:12:44
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Stock Relay
22 Oct 14 15:01:44
stockblaster14: Stock Alerts: Plug Power Inc (PLUG) 4.29 $PLUG 'Mad Money' http://t.co/e54YTDonPA
stockblaster14
22 Oct 14 14:59:39
Plug Power Inc (PLUG) 4.29 $PLUG 'Mad Money' Lightning Round: I'm Not Going Near Plug Power at The Street - Tu http://t.co/a3Xcnr6T6x
damnmaxims
22 Oct 14 14:51:54
$KNDI meet $PLUG, $PLUG meet $KNDI, $KNDI is riding a day trader train like you were earlier this year $PLUG,you have any advice for $KNDI?
Stockaholics
22 Oct 14 14:45:03
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/H5HPSVIRF1 $PFSW $PLUG $PLXT
Stockaholics
22 Oct 14 14:43:08
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/H5HPSVIRF1 $JST $PLUG $SB
Quantheta
22 Oct 14 14:00:02
#SENTISHIFTDOWN $MSFT $PCLN $TSLA $GPRO $GOOG $GDX $GOLD $IBIO $PLUG $UGAZ #quantheta
Stockaholics
22 Oct 14 13:38:36
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LPR $TGD $PLUG
takethisbet
22 Oct 14 13:14:46
@biggercapital You lost the challenge! Redeem yourself with another challenge! Score: $0.00 http://t.co/eBqut7kttJ #takethisbet $PLUG $CERP
Mike Gibson
22 Oct 14 12:13:36
RT @VendbienJon: Just bot some $PLUG here at 4.39. This one has another run in it, maybe $7-8 in near term
Quantheta
22 Oct 14 12:00:02
#SENTISHIFTDOWN $MSFT $PCLN $GPRO $TSLA $GOOG $UGAZ $IBIO $GOLD $PLUG $GDX #quantheta
Girolamo Aloe
22 Oct 14 11:33:56
RT @InvestorsLive: Tim Grittani “Kroyrunner89″ @kroyrunner89 Interviews With Investors Underground http://t.co/oY5kh7lgVa $MINE $SPLI $MNKD…
Jesús Del Campo ૐ
22 Oct 14 11:13:36
RT @InvestorsLive: Tim Grittani “Kroyrunner89″ @kroyrunner89 Interviews With Investors Underground http://t.co/oY5kh7lgVa $MINE $SPLI $MNKD…
InsiderTradingWire
22 Oct 14 11:00:58
$PLUG | Plug Power, Inc. is down 23% since we reported $32,025,721 of insider selling on 08/28/2014. Did you ... - http://t.co/Xs3IfbX9Dd
Stockaholics
22 Oct 14 10:52:02
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $PFSW $PLUG $PLXT
StockAviator.com
22 Oct 14 10:50:02
Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $ACHN $MYEC
Stockaholics
22 Oct 14 10:49:30
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $JST $PLUG $SB
lookn4wins
22 Oct 14 10:18:03
$YGE Current Price $YGE Most recent stock chart and technical analysis. $MDR $HEMP $SLV $PLUG $HUV.TO $HOU.TO http://t.co/mrGIf17PNO
Quantheta
22 Oct 14 10:00:02
#SENTISHIFTDOWN $UGAZ $MSFT $PCLN $GPRO $GOOG $TSLA $IBIO $GOLD $TWTR $PLUG #quantheta
Stock_Tracker
22 Oct 14 09:34:25
$PLUG Recent Headlines 10 Nasdaq stocks with returns of at least 240% in 2014 5:38 p.m. Sept. 11, 2014 - Phili http://t.co/idwmZpCLnL
Investors Hangout
22 Oct 14 09:17:51
danrocks: $GE Picking Up MOMO $LVS $VALE $IWM $MNST $PLUG http://t.co/jqg6mPjaWP
Investors Hangout
22 Oct 14 09:17:32
danrocks: $GE Picking Up MOMO $LVS $VALE $IWM $MNST $PLUG http://t.co/LSmYN9kmdQ
danrocks
22 Oct 14 09:09:41
$GE Picking Up MOMO $LVS $VALE $IWM $MNST $PLUG http://t.co/QSax0MamzV
OTPicks.com
22 Oct 14 09:07:31
http://t.co/hjgLwIcNgz leahanne: $PLUG Plug Power Inc (PLUG) 4.39 -0.02 (-0.45%): leahanne http://t.co/fyOaDsZUZM http://t.co/hjgLwIcNgz
lookn4wins
22 Oct 14 09:01:43
$GPRO Chart $GPRO Most recent stock chart and technical analysis. $PLUG $BAC $ARIA $CAT $HIMX $FB http://stock http://t.co/7hr51DfPXw
Extreme Stocks
22 Oct 14 08:54:56
danrocks: $ELTP Buzz $PLUG $DUST $JNUG $CAT $TBEV http://t.co/JXfkhWLkBA
Investors Hangout
22 Oct 14 08:53:06
leahanne: $PLUG Plug Power Inc (PLUG) 4.39 -0.02 (-0.45%) http://t.co/h9C8zsMhX9
Investors Hangout
22 Oct 14 08:52:52
leahanne: $PLUG Plug Power Inc (PLUG) 4.39 -0.02 (-0.45%) http://t.co/Fhwh7mIntt
Investors Hangout
22 Oct 14 08:46:54
danrocks: $ELTP Buzz $PLUG $DUST $JNUG $CAT $TBEV http://t.co/OF8M6jDMBL
Investors Hangout
22 Oct 14 08:46:51
danrocks: $ELTP Buzz $PLUG $DUST $JNUG $CAT $TBEV http://t.co/xkMO3RMSje
alex_2592
22 Oct 14 08:44:15
Holding only two stocks: $BBRY & $MNGA. 1 is undervalued. 2 is a long term play, it could have a grow like $PLUG
danrocks
22 Oct 14 08:40:56
$ELTP Buzz $PLUG $DUST $JNUG $CAT $TBEV http://t.co/873v4sdy5b
iHangout
22 Oct 14 08:40:47
http://t.co/Vv1sYDyeQn leahanne: ALERTS, HOT STOCKS & CHARTS: $PLUG Plug Power Inc (PLUG) 4.39 -0.02 (-0.45%) http://t.co/AoFT7KEDhC
MrsGAttitude
22 Oct 14 08:38:20
"@djin: $PLUG http://t.co/bmdUT93YIn price is being kept low artificially to accumulate quietly, procedure explained in the link"
AdamSam
22 Oct 14 08:37:18
$ZAZA nice 2nd day. $HUSA looking good for to run, also watching $DVR for a bounce. $PLUG $FCEL $FB
leahanne
22 Oct 14 08:35:38
$PLUG Plug Power Inc (PLUG) 4.39 -0.02 (-0.45%) $AG $GMCR $CREE http://t.co/c6yZzvwRe5
Jon Vince
22 Oct 14 08:31:24
Just bot some $PLUG here at 4.39. This one has another run in it, maybe $7-8 in near term
Nassar Investing
22 Oct 14 06:37:49
Watching $PLUG and $AA
Financial Iceberg
22 Oct 14 06:18:58
Fibonacci Technical Levels $SPY, $QQQ, $BAC, $PLUG ​#spy #qqq #bac #plug http://t.co/xlq8w13JSg
RodelXD ♪♥
22 Oct 14 05:59:05
$PLUG@ *mabait *cute *maganda *active likers *magaling mag edit *matangkad *friendly *bestfried ko Russel Jade Arpon
Financial Iceberg
22 Oct 14 04:12:29
Fibonacci Technical Levels $SPY, $QQQ, $BAC, $PLUG ​#spy #qqq #bac #plug http://t.co/TSLMmNt60f
Stockaholics
22 Oct 14 01:08:38
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LPR $TGD $PLUG
Altamash Javed
22 Oct 14 00:14:28
$PLUG has been a massive opportunity cost to hold. If she doesn't move by weeks end I'll be reducing the position for other opps. #stocks
Stockaholics
21 Oct 14 22:21:30
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $PFSW $PLUG $PLXT
Stockaholics
21 Oct 14 22:19:29
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $JST $PLUG $SB
Jason
21 Oct 14 19:32:43
RT @WallStNewscast: $ICOR continues to run http://t.co/M7ECz3iBTf $PLUG $GTATQ $AVEW
				
				
  +Follow January 9, 2014 11:39AM
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