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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
Stock News Headlines
30 Aug 14 23:40:45
$PLUG: PLUG POWER INC Financials http://t.co/apup1bBv8e http://t.co/BRDSaqr7Ot
On Time Picks
30 Aug 14 23:28:16
http://t.co/ZO8wg1ovu2 myopinion: $PLUG Plug Power Inc., an alternative energy: myopinion http://t.co/TjG510or8x http://t.co/ZO8wg1ovu2
AlertPennyStocks.com
30 Aug 14 23:28:15
http://t.co/MHpRaxDgHe myopinion: $PLUG Plug Power Inc., an alternative energy: myopinion http://t.co/wCLEmXad1M http://t.co/MHpRaxDgHe
June Wong
30 Aug 14 23:06:11
myopinion: $PLUG Plug Power Inc., an alternative energy http://t.co/O3To0SiqFf
greenpennydiva
30 Aug 14 23:06:10
myopinion: $PLUG Plug Power Inc., an alternative energy http://t.co/KUL0CJTVOE
WallStreet Pennies
30 Aug 14 23:03:54
myopinion: $PLUG Website: http://t.co/eiNZ2THg97 http://t.co/qkwXNjfdoQ
Penny Detective
30 Aug 14 23:03:05
http://t.co/od3fqlbMNB myopinion: $PLUG Plug Power Inc., an alternative energy: myopinion http://t.co/ROwxp4TCfv
OTPicks.com
30 Aug 14 22:54:35
myopinion: $PLUG Plug Power designs and manufactures fuel cell: myopinion http://t.co/tHMOhaFigc
Jet Life PennyStock$
30 Aug 14 22:47:07
myopinion: $PLUG Plug Power http://t.co/Yr9IHOOZZg
Colin Macleod
30 Aug 14 18:49:31
Plug Power Inc. (PLUG) Stock Chart Technical Analysis for 8-29-14 http://t.co/ghFKgAPc59 $PLUG
Companies in News
30 Aug 14 16:40:51
$PLUG: Why Plug Power (PLUG) Stock Is Higher Today http://t.co/XU9R6bwE25 http://t.co/UMbDQNjqcA
Stock Market Monitor
30 Aug 14 15:40:54
$PLUG: Why Plug Power (PLUG) Stock Is Higher Today http://t.co/7UYv4H5kD6 http://t.co/e6ArFYeF4t
Day Trader Novice
30 Aug 14 15:35:57
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On Time Picks
30 Aug 14 14:30:58
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Penny Detective
30 Aug 14 14:02:36
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OTPicks.com
30 Aug 14 13:54:18
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Market News Desk
30 Aug 14 11:40:43
$PLUG: Plug Power Inc (PLUG) Earnings Preview: Big Gains Expected http://t.co/x3vD5H897K http://t.co/7uKgX3PJr8
Financial Iceberg
30 Aug 14 11:07:27
Fibonacci Technical Levels $SPY, $QQQ, $BAC, $PLUG ​#spy #qqq #bac #plug http://t.co/l4j9QkOJtU
John Ross
30 Aug 14 10:42:02
Just had some $CMG and got a little $FEYE. Sure did help un $PLUG me though!
Investors Hangout
30 Aug 14 09:48:17
chartguy89: PLUG Stock Chart $PLUG $ADXS $NUGT $HD http://t.co/djJDRMWEae
Investors Hangout
30 Aug 14 09:48:06
chartguy89: PLUG Stock Chart $PLUG $ADXS $NUGT $HD http://t.co/5SREnoNe4k
leahanne
30 Aug 14 09:46:38
$BGS B&G Foods Holdings (BGS) 30.20 -0.09 (-0.30%) $PLUG $TD.TO $JCDS http://t.co/DQhvcxzUVx
Companies in News
30 Aug 14 09:40:45
$PLUG: Plug Power Inc. PLUG to Ring The NASDAQ Stock Market Closing Bell http://t.co/gbQhpdJj7h http://t.co/lxfjS3UxsQ
Ophir Gottlieb
30 Aug 14 09:33:12
(1/3) Top Posts of the Week: $PLUG - Is Not in Equilibrium. Let me Show You Why & Then Something You Won't Believe http://t.co/8mPfsKWfRQ
Stanislaus Haribowo
30 Aug 14 08:09:34
$PCLN $PLUG $SLCA $SMFG $SSE $SWK $SWKS $TDG $TRN $TRP $VZ (Whew. That's a lot)
Investors Hangout
30 Aug 14 08:01:22
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Investors Hangout
30 Aug 14 08:01:17
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danrocks
30 Aug 14 07:52:24
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Market News
30 Aug 14 07:40:46
$PLUG: Why Plug Power (PLUG) Stock Is Up Today http://t.co/byWpGkK4nv http://t.co/ABN4TQn8zL
Investors Hangout
30 Aug 14 07:30:21
danrocks: $BND Picking Up MOMO $ABX $FDX $KEG $SPXL $PLUG http://t.co/4k93CO2SiO
Investors Hangout
30 Aug 14 07:30:21
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Investors Hangout
30 Aug 14 07:29:15
jim50: $PLUG Open Date=Aug-29-2014 Open=5.56 High=5.62 http://t.co/oHeS7mvkg6
Investors Hangout
30 Aug 14 07:29:14
jim50: $PLUG Open Date=Aug-29-2014 Open=5.56 High=5.62 http://t.co/TnXHxBmQjl
Krystle S. Morey
30 Aug 14 07:20:23
Why Air Liquide ( $AIQUY ) sold its Plug Power ( $PLUG ) shares: http://t.co/vpPAxUJHBk
Media Sentiment
30 Aug 14 07:09:50
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Carol Chen, CFA
30 Aug 14 07:08:46
RT @zozotrader: $P $PLUG $DDD Insiders Sold Shares of High-Profile Companies This Week http://t.co/iLj1Aozc4S
jim50
30 Aug 14 07:08:32
$PLUG Open Date=Aug-29-2014 Open=5.56 High=5.62 Low=5.5 Close=5.58 Volume=4933800 http://t.co/tiQ7WsIRMs
ZOZO
30 Aug 14 07:08:17
$P $PLUG $DDD Insiders Sold Shares of High-Profile Companies This Week http://t.co/iLj1Aozc4S
iHangout
30 Aug 14 07:08:15
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danrocks
30 Aug 14 07:06:15
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leahanne
30 Aug 14 07:01:56
$C Citigroup Inc (C) 51.65 +0.26 (+0.51%) $OIH $DGLY $PLUG http://t.co/sY1hlJVmUU
Companies in News
30 Aug 14 06:40:42
$PLUG: Plug Power Q2 Sales More Than Double, Topping Views http://t.co/lhdVMi29km http://t.co/4YunoQL6CL
Financial Iceberg
30 Aug 14 05:43:11
Fibonacci Technical Levels $SPY, $QQQ, $BAC, $PLUG ​#spy #qqq #bac #plug http://t.co/djfhXFuH6r
Penny Detective
30 Aug 14 05:04:09
http://t.co/od3fqlbMNB ClayTrader: * * $PLUG Video Chart 8-29-14 * *: ClayTrader http://t.co/8iw4ue2KJk
Saprodani Associates
30 Aug 14 03:34:18
$PLUG Plug Power technical analysis indicating levels for a reversal to the upside. https://t.co/a0OpbrBrdG
George A. Medina
30 Aug 14 01:21:40
So I ended the month in more positions than normal $AAPL $FB $IRDM $MINE $MYEC $GOGO $FNMA $TSLA #trading want $GPRO $LOCO $GLOG $HA $PLUG
Rosner Stocks
29 Aug 14 20:42:01
$WTSL Summary http://t.co/5YO7N7LW4t Also See: $CPRX $JAZZ $PLUG $CVX ~
Stocks in News
29 Aug 14 19:40:47
$PLUG: Plug Power revenue doubles as fuel cell demand soars http://t.co/XRTmJuPeuj http://t.co/nKbciSgeLG
Investors Hangout
29 Aug 14 19:25:07
$V Filings http://t.co/ye0kTtllSJ Also See: $YPF $QIHU $HD $PLUG ~
				
				
  +Follow January 9, 2014 11:39AM
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