logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Plug Power Inc (PLUG) Experiences Extreme Whipsaw Action

  +Follow January 9, 2014 11:39AM
Share:
Tickers Mentioned:

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for PLUG
ProVesting
26 May 15 00:33:04
$PLUG: Plug Power, Inc. Analyst Rating Update: http://t.co/QZZ1eEPDUS
IH NASDAQ OMX
25 May 15 23:45:05
PLUG Plug Power, Inc. E.P.S. http://t.co/HmcwM90ByL $PLUG $GS $ASHR $IEI #PLUG #finance #finance
DennyT
25 May 15 23:37:37
FB Facebook, Inc. Open http://t.co/E6uh8KRKqK $FB $PLUG $CBYL $GLD #FB #stockmarket #nasdaq
@Boulder2DIA
25 May 15 19:03:57
http://t.co/omvTcsYsk0 $Plug http://t.co/mXHf37QGK8
《Halo & Horns》
25 May 15 18:04:10
RT @wind4me: $PLUG Cough >> http://t.co/PxPYRsu7LW... >> IMAGE $Plug China http://t.co/Tq7oFAjMkN
@Boulder2DIA
25 May 15 17:58:02
$PLUG Cough >> http://t.co/PxPYRsu7LW... >> IMAGE $Plug China http://t.co/Tq7oFAjMkN
DennyT
25 May 15 17:50:57
YOKU Youku Tudou, Inc. Company Info http://t.co/vrUGVIFGue $YOKU $PLUG $GOOG $BSX #YOKU #finance #stockmarket
leahanne
25 May 15 17:45:07
RENN Renren Inc. News http://t.co/nsf7LfnCkb $RENN $AVGO $HJOE $PLUG #RENN #stock #stockmarket
Stock Forums
25 May 15 17:44:03
PLUG Plug Power, Inc. Last Trade http://t.co/bcwBR210bT $PLUG $CI $IBM $DIS #PLUG #tradeideas #nasdaq
danrocks
25 May 15 17:42:11
MOH Molina Healthcare, Inc. E.P.S. http://t.co/YyGYnBV74y $MOH $PLUG $SCO $YOKU #MOH #share #invest
danrocks
25 May 15 17:40:05
IWM Russell 2000 iShares Summary http://t.co/y1XNLebAy0 $IWM $PLUG $MO $A #IWM #pennystocks #stockmarket
IH News Desk
25 May 15 17:39:07
HOD.TO Horizons BetaPro NYMEX Crude Oil Bear Plus ETF Stock Forum http://t.co/UbTqR8T0cG $HOD.TO $PLUG $DDD $RSX #HOD.TO #nasdaq…
Sentiquant
25 May 15 15:00:02
#sentishiftup $DAL $PLUG $IYR $AGG $YHOO $COP $QQQ $MMM $MSFT $FXC #sentiquant 20150525 18:00:05:031
@Boulder2DIA
25 May 15 14:13:07
@wind4me @PlugPlug Nantong CIMC Tank Equipment Co. $Plug http://t.co/T7LemdbWFJ
Capital Market Labs
25 May 15 14:07:52
Large Electrical Equipment Debt Level $MY $ENPH $PLUG $FCEL $POWR Chart: http://t.co/XxXOWg54MS http://t.co/qW1MPmpErz
@Boulder2DIA
25 May 15 13:28:11
RT @a_m_faulkner: $PLUG I live in Little Rock.. Thinking about heading to Memphis to look for new Nike-hub.
@Boulder2DIA
25 May 15 13:27:03
RT @AmarithLim: @wind4me $PLUG needs to make a run!
Sentiquant
25 May 15 13:00:05
#sentishiftup $PLUG $MMM $DAL $IYR $COP $AGG $QQQ $YHOO $MSFT $FXC #sentiquant 20150525 16:00:07:752
StockenheimerSchmidt
25 May 15 12:17:32
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3Eq6QC $LPR $TGD $PLUG
Stockaholics
25 May 15 12:12:09
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $LPR $TGD $PLUG
Sentiquant
25 May 15 12:00:04
#sentishiftup $PLUG $GMCR $MMM $DAL $IYR $QQQ $AGG $YHOO $MSFT $MCP #sentiquant 20150525 15:00:06:386
Sentiquant
25 May 15 11:00:05
#sentishiftup $PLUG $GMCR $MMM $DAL $IYR $QQQ $YHOO $AGG $MSFT $FXC #sentiquant 20150525 14:00:08:042
Penny Stockington
25 May 15 10:50:48
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $PFSW $PLUG $PLXT
Penny Stockington
25 May 15 10:48:29
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $JST $PLUG $SB
Stock Dawgzz
25 May 15 10:48:03
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $PFSW $PLUG $PLXT
StockenheimerSchmidt
25 May 15 10:48:02
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $PFSW $PLUG $PLXT
Stock Rocket
25 May 15 10:46:17
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $PFSW $PLUG $PLXT
Stock Dawgzz
25 May 15 10:45:51
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $JST $PLUG $SB
StockenheimerSchmidt
25 May 15 10:45:42
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $JST $PLUG $SB
Stock Rocket
25 May 15 10:43:59
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $JST $PLUG $SB
Stockaholics
25 May 15 10:43:37
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $PFSW $PLUG $PLXT
Stockaholics
25 May 15 10:41:19
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $JST $PLUG $SB
Samuel Brown
25 May 15 10:39:55
$PLUG Plug Power Inc CFO To Present At Baird Conference On May 5 http://t.co/6hc7UDbkIF
Capital Market Labs
25 May 15 09:24:53
Large Electrical Equipment Research and Development $MY $ENPH $PLUG $FCEL $LYTS Chart: http://t.co/qr2obYyXMv http://t.co/edXkaU3teZ
Sentiquant
25 May 15 09:00:06
#sentishiftup $IYR $PLUG $GMCR $QQQ $DAL $FXC $MMM $AGG $BNS $YHOO #sentiquant 20150525 12:00:08:397
Aaron Faulkner
25 May 15 08:00:56
$PLUG I live in Little Rock.. Thinking about heading to Memphis to look for new Nike-hub.
StockenheimerSchmidt
25 May 15 07:20:01
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $JST $PLUG $SB
Sentiquant
25 May 15 07:00:05
#sentishiftup $IYR $PLUG $GMCR $DAL $YHOO $GOOG $AGG $MMM $LUV $MCP #sentiquant 20150525 10:00:07:528
Mike Lim
25 May 15 06:34:17
@wind4me $PLUG needs to make a run!
Sentiquant
25 May 15 06:25:05
#sentishiftup $IYR $PLUG $GMCR $LUV $IBM $YHOO $GOOG $DAL $F $AGG #sentiquant 20150525 09:25:07:236
Capital Market Labs
25 May 15 06:06:15
Large Electrical Equipment Assets vs. Stock Buy-backs $POWL $ITWG $PLUG $POWR Chart: http://t.co/7CswxD1zm3 http://t.co/JqDcRUhtn1
@Boulder2DIA
25 May 15 05:57:33
$PLUG CC getting to $500M even faster..... Bullish http://t.co/BbLs7RJ2mp
@Boulder2DIA
25 May 15 05:56:14
$PLUG Expansion into Europe via small companies like: VW (largest auto maker in the world), Mercedes (up and comer) http://t.co/YP4ehXMuEC
@Boulder2DIA
25 May 15 05:51:51
$PLUG CC Mike Allers 2nd question resulted in this statement: "Hydrogen generation is in our future." Bullish $plug http://t.co/Dw3hIbdW51
@Boulder2DIA
25 May 15 05:48:34
$PLUG CC This is an excellent question and funny exchange re "Clear visibility." 92% -- It changed last $Plug http://t.co/38XjJexrVh
@Boulder2DIA
25 May 15 05:44:57
$PLUG CC Good question from Keith ?? re smaller customers and leveraging hydrogen $Plug http://t.co/F64rEFOZVa
@Boulder2DIA
25 May 15 05:42:17
$PLUG CC Tesla -- Did he actually answer the question???????? Bullish $plug http://t.co/uP6qLXfLm1
Sentiquant
25 May 15 05:00:05
#sentishiftup $IYR $GMCR $IBM $LUV $YHOO $PLUG $GOOG $DAL $GLD $USD #sentiquant 20150525 08:00:07:270
HedgeChatter
25 May 15 04:43:20
$PLUG is completely filled with spam & manipulation, almost 90% http://t.co/jRDpyDHJSU http://t.co/xS3d2M01BQ
Capital Market Labs
25 May 15 04:04:13
Large Electrical Equipment Assets $MY $ENPH $PLUG $FCEL $POWR Chart: http://t.co/wXAEp8QiUC http://t.co/RGgwZmEnMf
				
				
  +Follow January 9, 2014 11:39AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN