Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the United States. The company focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. Its product line includes GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and GenFund, which offers financing solutions to customers. The company sells its products to businesses and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
Hi Dutch, welcome to the site! Yeah, that is about what Im thinking too if you are looking at this gap fill square below. Initial target for me would be 2.35-2.40 if you are playing it a bit more conservatively.
Reported before open today (5/10/16) Earnings: EPS -$0.06 Revenue $15.3M Estimates: EPS -$0.05 Revenue $25.5M Down 3.63% today
Reported before open today (11/7/16) Earnings: EPS -$0.07 Revenue $17.6M Estimates: EPS -$0.05 Revenue $34.84M Down 11.27% today
$PLUG still strong. Over 2.40 shorts are done, $3 next stop Bullish posted by ACInvestorBlog on stocktwits.com
what do you guys think about this one. making huge deals with amazon, wall-mart, china, massive production opening sites everywhere but revenues aren't coming in yet. took a beating today some insider trading bullshit ripped it shreds "downgraded by roth" but anyone think its going to rip if i stay in it long?? also considering buying up AMD.https://finance.yahoo.com/quote/PLUG?ltr=1
Had a headfake run higher two days before the Earning Report. There was a pullback yesterday and then the earnings disappointed so PLUG is heading back into the regular trading range. Will be watching if it breaks $3 again though
Me too. I think a $0.10 stop could allow me to participate with a potential quick shot to $3.00. 5:1 R:R Ratio
Quickly pulled this up with my chart view, looks like some decent support at the lower BB and 200MA at ~$2.26. Depending how you draw your lines, I'm coming up with more of a wedge here than an ascending triangle, so to me the risk of dipping is slightly higher if you go by my chart instead of yours. Both setups still clearly show upside up to the $3.2x though. I stick to the basics in charting for the most part, looks to me like there could be resistance at the 50MA and upper BB as well, but I agree with you, the upside is much higher than the downside, especially if you can get in a few cents cheaper and put your stop a little below the 200MA.
Bollinger bands tightening, breakout coming soon, with support from the lower BB and 200MA, and resistance from the 50MA and upper BB. Will be interesting to see which side of the wedge this breaks out to. In my opinion, up over $3 or down to $1.80 over the next month or two.