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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
wininstocks2014
24 Oct 14 19:13:51
PLUG 4.34 Stock Charts $PLUG Plug Power Inc. (NASDAQ) Last Updated: 10/24/2014 21:13:50 PLUG Stock Chart - 1 M http://t.co/kzMRH5cemF
Robert Sullivan
24 Oct 14 16:24:17
$PLUG Theme Song http://t.co/KZQEtGy8OW
@razielbolsa
24 Oct 14 16:17:42
RT @OphirGottlieb: $PLUG Eight Charts That Bring Knowledge and Silence the Bull vs. Bear Megaphone http://t.co/q0AFe6CoW3 http://t.co/IAui…
Patrick Blake
24 Oct 14 16:09:36
RT @OphirGottlieb: $PLUG Eight Charts That Bring Knowledge and Silence the Bull vs. Bear Megaphone http://t.co/q0AFe6CoW3 http://t.co/IAui…
Douglas Crets
24 Oct 14 16:07:21
RT @OphirGottlieb: $PLUG Eight Charts That Bring Knowledge and Silence the Bull vs. Bear Megaphone http://t.co/q0AFe6CoW3 http://t.co/IAui…
Ophir Gottlieb
24 Oct 14 16:05:42
$PLUG Eight Charts That Bring Knowledge and Silence the Bull vs. Bear Megaphone http://t.co/q0AFe6CoW3 http://t.co/IAui72j4Ii
Grail
24 Oct 14 16:00:08
@ClayTrader25 This is why I'm out until we see where this goes. Decently running out of room. $PLUG
Quantheta
24 Oct 14 16:00:03
#SENTISHIFTDOWN $TSLA $PLUG $DIA $TM $UGAZ $SMED $IWM $SPY $PCLN $SLV #quantheta
Capital Market Labs
24 Oct 14 15:37:40
Chart of the Day for $PLUG: Revenue Growth (Booming) vs. Gross Margin % (Collapsing) http://t.co/X6MeKNKjVm
Capital Market Labs
24 Oct 14 15:29:29
$PLUG R&D Compared to Peers http://t.co/r0hiJbGd2j http://t.co/ykkkgjmGeY
Capital Market Labs
24 Oct 14 15:21:23
$PLUG Revenue Trend http://t.co/IwTDCGGGTc http://t.co/S0O8VSBpas
Capital Market Labs
24 Oct 14 15:19:16
$PLUG SG&A Margin Trend http://t.co/U6g5e8iQQg
Capital Market Labs
24 Oct 14 15:12:49
$PLUG Revenue vs. R&D http://t.co/d6WNYaJOh7 http://t.co/Uiq8ygGyrF
Stockaholics
24 Oct 14 14:53:23
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Stockaholics
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Penny Detective
24 Oct 14 14:22:50
http://t.co/od3fqlbMNB ClayTrader: * * $PLUG Video Chart 10-24-14 * *: ClayTrader http://t.co/dsMujkE7V7
Exposethebest
24 Oct 14 14:04:22
ClayTrader: * * $PLUG Video Chart 10-24-14 * * http://t.co/FvwuGwprj7
OTPicks.com
24 Oct 14 13:56:29
http://t.co/UUQeeS6eNk ClayTrader: * * $PLUG Video Chart 10-24-14 * *: ClayTrader http://t.co/Tx2osvqTUb http://t.co/UUQeeS6eNk
OTPicks.com
24 Oct 14 13:56:29
http://t.co/UUQeeS6eNk ClayTrader: * * $PLUG Video Chart 10-24-14 * *: ClayTrader http://t.co/b8Acer10mL http://t.co/UUQeeS6eNk
OTPicks.com
24 Oct 14 13:56:28
http://t.co/UUQeeS6eNk ClayTrader: * * $PLUG Video Chart 10-24-14 * *: ClayTrader http://t.co/dpSxRyGwCW http://t.co/UUQeeS6eNk
OTPicks.com
24 Oct 14 13:56:28
http://t.co/UUQeeS6eNk ClayTrader: * * $PLUG * *: ClayTrader http://t.co/IXysWpYl8R http://t.co/UUQeeS6eNk
On Time Picks
24 Oct 14 13:56:27
ClayTrader: * * $PLUG Video Chart 10-24-14 * *: ClayTrader http://t.co/n3toa3MZnV http://t.co/Y6cFBx3Dg5
ClayTrader
24 Oct 14 13:54:21
$PLUG Stock Chart Analysis_ 10-24-14 - watch here: http://t.co/2fg3yohv4h #stock #stocks #stocktrading
Stockaholics
24 Oct 14 13:46:38
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Capital Market Labs
24 Oct 14 13:02:18
$PLUG Revenue vs. Gross Margin % Trend http://t.co/ZYVYhRmuz5
Capital Market Labs
24 Oct 14 12:57:28
$PLUG Revenue vs. Earnings Trend http://t.co/9IjrABpDNu http://t.co/ucJbQXzNLW
Altamash Javed
24 Oct 14 12:27:22
RT @ALJcapital: $PLUG based on our rough model, the company will need to ship over 1000 units in Q4 to meet full year guidance. Vital to h…
Jon Vince
24 Oct 14 12:01:46
RT @psychsignal: 333.0% increased bullish conversations in $PLUG in the past 1 hour.
PsychSignal
24 Oct 14 12:01:05
333.0% increased bullish conversations in $PLUG in the past 1 hour.
Quantheta
24 Oct 14 12:00:02
#SENTISHIFTDOWN $TSLA $DIA $TM $SPY $IWM $SMED $PLUG $AA $KBH $SLV #quantheta
Altamash Javed
24 Oct 14 11:40:55
$PLUG DO NOT SELL THIS
Stephen s
24 Oct 14 11:35:29
RT @StockAviator: Our Premium Members get real time trade alerts from 6 expert traders. http://t.co/pqXiVjLqOj $MJNA $PLUG $AVNR $A…
Detective Goren
24 Oct 14 11:09:58
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Stockaholics
24 Oct 14 10:24:14
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24 Oct 14 10:22:28
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Small Cap Analytics
24 Oct 14 10:17:02
I wonder if I can hit $PLUG again. It never seems to want to go below 4.20.
Samuel Brown
24 Oct 14 10:02:39
$PLUG Plug Power Inc On Its Way To Triple Its Revenue In 2014 http://t.co/mpRZokvZNv
Quantheta
24 Oct 14 10:00:02
#SENTISHIFTDOWN $TSLA $DIA $TM $PLUG $SLV $SPY $SMED $IWM $KBH $MNGA #quantheta
Jon Vince
24 Oct 14 09:52:35
50k block bid on $PLUG at 4.31... Loading?
Stock Relay
24 Oct 14 09:37:11
$PLUG % Change Click Here: http://t.co/TsxhBArYRi Also See: $SKM $PACT $KF $ARIA ~
Stock Forums
24 Oct 14 09:07:37
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Stock Relay
24 Oct 14 09:04:23
$PLUG % Change Click Here: http://t.co/dLIiFuucPp Also See: $PRLS $CUBIL $AVHI $SPLP ~
Stock Relay
24 Oct 14 09:02:08
$PLUG Day High Click Here: http://t.co/2sEbKshW1D Also See: $PZE $ORRF $EL $AOS ~
PsychSignal
24 Oct 14 09:01:07
233.0% increased bullish conversations in $PLUG in the past 1 hour.
TV_Trading Ideas
24 Oct 14 08:55:58
Straddle play here $PLUG http://t.co/IIWo9sSVEb
AGORACOM - George
24 Oct 14 08:48:15
Neah Power $NPWZ Blowing Away Fuel Cell Peers Again. Momentum continues on Drone Customer News $PLUG $FCEL $BLDP http://t.co/uBezoef7qg
Stock Relay
24 Oct 14 08:40:13
$PLUG Company Info Click Here: http://t.co/UzTl0Orojw Also See: $SFIE $ALPO $HJJ $LTBR ~
EastCoast
24 Oct 14 08:37:52
added another 50k shares $PLUG 4.29 - 4.30
Quantheta
24 Oct 14 08:00:02
#SENTISHIFTDOWN $TSLA $DIA $TM $PLUG $UGAZ $SMED $IWM $SPY $SLV $PCLN #quantheta
Altamash Javed
24 Oct 14 06:58:48
A friend told me his comment on FB page of @PlugPowerInc got deleted because he said the CFO wants shares cheap... $PLUG #stocks
				
				
  +Follow January 9, 2014 11:39AM
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