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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
StockNewsWires
1 Apr 15 15:30:03
$PLUG: Plug Power Sees Unusually Large Options Volume (PLUG): http://t.co/xZAxmpyIay
WKRB News
1 Apr 15 15:24:25
Plug Power Sees Unusually Large Options Volume $PLUG http://t.co/EordghY59u
Penny Stockington
1 Apr 15 15:09:06
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $JST $PLUG $SB
Sleek Money
1 Apr 15 15:05:14
Traders Buy High Volume of Put Options on Plug Power $PLUG http://t.co/PH9vzxDqx2
Harry Walkman
1 Apr 15 15:01:42
$PLUG Plug Power Inc Dips After CAO Announcement http://t.co/Ijd54YD9ZT
ProVesting
1 Apr 15 15:00:03
$PLUG: Traders Buy High Volume of Put Options on Plug Power (PLUG): http://t.co/2SRyAoW59y
Ticker Report
1 Apr 15 14:56:24
Traders Buy High Volume of Put Options on Plug Power $PLUG http://t.co/6opJQaw0fe
Penny Stockington
1 Apr 15 14:54:12
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $LPR $TGD $PLUG
Gregson ochab
1 Apr 15 14:12:45
$PLUG I like ophirs analysis but his section on capex was odd, their factory can do 12k units, why spend when only 4k units a year? No need.
Stock Dawgzz
1 Apr 15 14:12:16
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $JST $PLUG $SB
Stock Dawgzz
1 Apr 15 14:05:33
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $LPR $TGD $PLUG
Clover Bragg
1 Apr 15 14:01:36
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/QyHMDLqCj5
Baffoe K8B Awotwi
1 Apr 15 14:01:36
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/yDaCXEiHki
Johnny Boy
1 Apr 15 14:01:35
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/gf6qeIBr1e
john smith
1 Apr 15 14:01:35
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/iK4l0AMtMn
The Cardiac Kid
1 Apr 15 14:01:33
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/HKEvB26AUn
Don Marcoux
1 Apr 15 14:01:31
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/2os4Yx362P
StockNews
1 Apr 15 14:01:23
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/8P2HDN5mjI
Stocks News&Markets
1 Apr 15 14:01:20
$PLUG - Statement of Changes in Beneficial Ownership (4) http://t.co/MwQ1H9UxaP
Gregson ochab
1 Apr 15 13:55:54
$PLUG fsa nailed it, why buy in open market lol
Clover Bragg
1 Apr 15 13:55:31
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/LcUqAXed5y
Baffoe K8B Awotwi
1 Apr 15 13:55:30
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/oXmxc7NsbA
Don Marcoux
1 Apr 15 13:55:30
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/ipgG5euU3m
Johnny Boy
1 Apr 15 13:55:29
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/Y5QK8868ss
The Cardiac Kid
1 Apr 15 13:55:28
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/ktk7ZC02IB
john smith
1 Apr 15 13:55:18
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/mKqa7K5xdA
StockNews
1 Apr 15 13:55:10
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/rRH8S0Ycig
Stocks News&Markets
1 Apr 15 13:55:06
$PLUG - Initial Statement of Beneficial Ownership (3) http://t.co/B3ioXaCGQj
Stock Dawgzz
1 Apr 15 13:52:47
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $PFSW $PLUG $PLXT
Stock Rocket
1 Apr 15 13:47:48
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxBW6M $LPR $TGD $PLUG
Ophir Gottlieb
1 Apr 15 13:35:03
EOD: * News $PLUG * Stock/Option Movers $SPX * Covered Calls * Biotech Update http://t.co/jQ0U5TrClA
Bryan Dilbeck
1 Apr 15 13:30:42
News $plug is getting bout out! #stocks @WSJ
Stockaholics
1 Apr 15 13:01:00
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKB0aLmu $LPR $TGD $PLUG
StockenheimerSchmidt
1 Apr 15 12:49:29
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $JST $PLUG $SB
Kevin F.
1 Apr 15 12:37:19
damn so many stocks to buy, $RAI $FSLR even $PLUG
StockenheimerSchmidt
1 Apr 15 12:34:12
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $LPR $TGD $PLUG
Penny Stockington
1 Apr 15 12:31:03
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $PFSW $PLUG $PLXT
ML7
1 Apr 15 12:17:18
$PAL power hour! Load now or see u at the top $0.60 $REE $AXU $MINE $GENE $DRYS $SALT $GBSN $KRFT $FNMA $PLUG #pennystock $AAPL
Breaking News
1 Apr 15 11:11:04
$GSK $PLUG: News Buzz - GlaxoSmithKline (GSK), Plug Power (PLUG), Genetic ...: http://t.co/IzLgRaGFid
Ophir Gottlieb
1 Apr 15 11:10:23
Just Published: "Why PLUG stock is tumbling" via @YahooFinance - My take on $PLUG cc @ppearlman http://t.co/9gKny3inEI
DB Trading
1 Apr 15 10:38:57
@TraderCali Source? $PLUG
JSD
1 Apr 15 10:06:58
$PLUG partnering with $GM on battery technology.
Woll Street
1 Apr 15 10:03:53
RT @TheTradeXchange: $PLUG APR 2.5 PUT SELLING on name @$.13
TradeXchange
1 Apr 15 10:03:34
$PLUG APR 2.5 PUT SELLING on name @$.13
Gregson ochab
1 Apr 15 09:19:52
$PLUG still has something big up their sleeve just waiting
stockschamp
1 Apr 15 09:05:09
The Most Accurate Stock Alert Service Made $240,000 Yesterday http://t.co/8WvnrVmkBS .. $LPR $TGD $PLUG
SprinklerPimp
1 Apr 15 08:51:23
I don't care what technology $PLUG has the ability to provide, their mngmt team has to be one of the worst in the country. #15years
Penny Stock Secret
1 Apr 15 08:50:09
Premium Alerts Ranked #1 For Gains 2834% Last Week http://t.co/NovWYe2RAx .. $ADI $FSBW $PLUG
Eternity101
1 Apr 15 08:46:08
forgot .. $TSLA 's Muskie has a news con. terence of some sort TOMORROW -- THURS ??? based on ...damn.. i 4got see $PLUG $BLDP
Capital Market Labs
1 Apr 15 08:31:44
$KNDI vs. $PLUG vs. $FCEL vs. $TSLA Compared Across 9 Critical Measures Chart: http://t.co/5vF1shElJt
				
				
  +Follow January 9, 2014 11:39AM
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